Tesla Says It Delivered 70% More Cars In Q3 Compared To Q2

Tesla Motors Inc (NASDAQ: TSLA) announced over the weekend that it delivered 70 percent more cars in the third quarter compared to the second quarter.

The automaker of fully electronic cars said in a press release it delivered approximately 24,500 vehicles in the third quarter, of which 15,800 were Model S sedans and 8,700 were Model X SUVs. By comparison, the company delivered 14,402 vehicles in the prior quarter.

Tesla's announcement helped boost its stock higher in Monday's pre-market session.

Tesla added that around 5,500 vehicles were in the process of being delivered to clients and noted that only a car that is successfully received by the customer is considered to be delivered.

Tesla stated that total vehicle production during the third quarter rose 37 percent from the second quarter to 25,185. The company also guided its fourth quarter deliveries and production to be "at or slightly above Q3" even though the fourth quarter poses logistical challenges given the winter weather and holidays.

Finally, Tesla disclosed that starting in the third quarter, its financial releases will no longer include non-GAAP revenue and related financial metrics resulting from vehicles leased through its banking partners or that include resale value guarantees.

Shares traded at $212.60, up 4.2 percent in the pre-market session.