Shares of the electric vehicle maker were jumping 5.8% after Tesla delivered 40,740 vehicles in the second quarter, of which 18,440 were the Model 3, 10,930 were Model S and 11,370 were Model X.
The company maintained its full-year 2018 target of delivering 100,000 S and X models.
Overall, the company produced 53,229 vehicles in the second quarter, a 55% increase from the first quarter, making second quarter 2018 the most productive three-months of operation in the company's history.
As has been the Tesla's habit, the company ramped up Model 3 production in the final week of the quarter to hit its prediction of producing at least 5,000 Model 3 vehicles a week. Tesla reported producing 5,031 Model 3 vehicles, 1,913 Model S vehicles and Model X vehicles combined in the final week of the quarter.
Overall, the company produced 28,578 Model 3 vehicles, exceeding the combined number of Model S and Model X vehicles (24,761) produced in the quarter for the first time ever.
Tesla expects to increase Model 3 production to 6,000 per week by late August.
7000 cars, 7 days— Elon Musk (@elonmusk) July 1, 2018
♥️ Tesla Team ♥️