Tesla Motors (TSLA - Free Report) just released its third quarter fiscal 2016 financial results, posting earnings of 15 cents per share (accounting for non-stock based compensation and before non-recurring items) and revenue of $2.3 billion. TSLA is a Zacks Rank #4 (Sell), and is up about 6% to $214.50 per share in after-hours trading shortly after its earnings report was released.

Beat earnings estimates. The company reported earnings of 15 cents per share, beating the Zacks Consensus Estimate of a loss of 64 cents per share.

Beat revenue estimates. The company saw GAAP revenue figures of $2.3 billion, topping our consensus estimate of $2.127 billion and gaining 145% year-over-year.

Tesla reported final third-quarter delivery count of 24,821 vehicles, over 300 more than the estimated delivery count the company shared on October 2. Deliveries grew 114% from the prior-year period, comprising of 16,047 Model S and 8,774 Model X vehicles.

In Q3, combined net orders for new Model S and Model X vehicles grew 68%, compared with the same period last year.

Looking ahead, Tesla maintains its guidance of 50,000 new vehicle deliveries for the second half of 2016, with a Q4 plan of just over 25,000 deliveries, despite the challenges of winter weather and the holiday season.

Here’s a graph that looks at Tesla’s price, consensus, and EPS surprise:

TESLA MOTORS Price, Consensus and EPS Surprise

TESLA MOTORS Price, Consensus and EPS Surprise | TESLA MOTORS Quote

Tesla Motors, Inc. designs, manufactures, and sells electric vehicles and electric vehicle powertrain components. The Company is headquartered in Palo Alto, California.