Tesla (TSLA - Get Report) shares were volatile in after-hours trading after the carmaker missed estimates on both revenue and earnings for the latest quarter. 

Tesla reported quarterly revenue of $4.54 billion and an adjusted loss of $2.90. Analysts polled by FactSet had been expecting revenue of $5.42 billion and an adjusted loss of $1.15 per share.

Additionally, Tesla reported that it produced roughly 63,000 Model 3 vehicles in Q1,  approximately 3% more than the previous quarter. In an earnings release, it attributed the modest increase to supplier limitations, fewer working days and changes to the production process.  

Tesla warned investors in late February that it didn't expect a profit in the first quarter, which CEO Elon Musk pinned on unanticipated challenges in delivering vehicles to China and Europe.

Tesla shares are down 14.9% so far this year.