Tesla shares made a move in trading on Monday, up 5% to $214 after a Friday close at $204.
On Sunday, the all-electric automaker reported third-quarter deliveries of 24,500 vehicles, a huge improvement over the first two 2016 quarters’ sub-15,000 numbers.
Tesla is now on track to meet the low end of its 2016 deliveries guidance of 80-90,000 vehicles.
For the second half the year, the company expects to deliver 50,000 Model S sedans and Model X SUVs in total.
The fourth quarter has typically been a tough one for Tesla. Over the past two years, it has pushed hard at its factory in Fremont, CA to meet production goals, only to just barely meet its deliveries guidance.
This year, the automaker has expressed optimism that both its production and delivery numbers will exceed its own expectations for the quarter.
As with the second half of 2015, a substantial number of Tesla vehicles are currently in transit — 5,500 for the third quarter. Those cars can’t be counted as delivered until they’re in customer hands.
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