Tesla (TSLA) unexpectedly turned a profit in the third quarter, sending shares soaring in after-hours trading.

Here were the main numbers from the report, versus consensus expectations compiled by Bloomberg:

• Revenue: $6.30 billion vs. $6.45 billion expected and $6.82 billion YOY

• Adjusted earnings per share: $1.86 vs. loss of 24 cents expected and earnings of $2.90 YOY

As is typical with Tesla’s quarterly expectations, the range of the Street’s estimates for the company’s bottom-line results ran a wide gamut, ranging from a loss of as much of $1.25 per share to earnings of as much as 34 cents per share, according to Bloomberg data.

Shares of Tesla jumped more than 18.58% to $302.00 each as of 9:31 a.m. ET Thursday morning, extending gains from the overnight session.

“Super proud of Tesla team for great execution & support of Tesla customers greatly appreciated!!” Tesla CEO Elon Musk said in a Twitter post after results were released.

During the three months to September, Tesla delivered a record 97,000 vehicles and produced 96,155, the company reported earlier this month. But this had failed to appease some investors who had hoped the electric car-maker would top 100,000 deliveries in the quarter, after CEO Elon Musk wrote in a leaked email that the company had “a shot” of hitting the six-figure mark, according to reports. Tesla’s stock immediately fell after the company posted third-quarter deliveries on Oct. 2, but has risen about 4.5% in the weeks since.

With this quarter’s delivery figures in the rearview mirror, investors were eying Wednesday’s report to see whether Tesla was on a path to translating these into profitable growth, especially given that the lower-priced Model 3 again comprised more than 80% of Tesla’s deliveries.

As of last quarter, Tesla had continued to target an eventual 25% gross margin on its S, X and Model 3 vehicles. Tesla’s third-quarter results moved it closer to this target, with automotive gross margin rising to 22.8%, from 18.9% in the second quarter.

“Despite reductions in the average selling price (ASP) of Model 3 as global mix stabilizes, our gross margins have strengthened. Additionally, operating expenses are at the lowest level since Model 3 production started,” Tesla said in a statement. It said its return to profitability in the third quarter “was possible by removing substantial cost” from the business, and said margins improved “in part due to Smart Summon-related deferred revenue recognition, FX and other non-recurring items” during the quarter.

Musk said during last quarter’s call with analysts that he expected Tesla to be “around breakeven” during the third quarter and profitable for the fourth. The company last reported a profit during the fourth quarter of 2018.