Tesla Inc. announced on Wednesday that its total revenues in the third trimester of fiscal 2024 reached $25.1 billion, growing 8% year over year, and slightly missing analyst's forecasts.

Meanwhile, diluted earnings per share came in higher than analyst expectations, climbing 17% compared to the same three-month period a year ago and landing at $0.62. Net income advanced 17% on an annual basis, to stand at $2.1 billion.

"We delivered strong results in Q3 with growth in vehicle deliveries both sequentially and year-on-year, resulting in record third-quarter volumes. We also recognized our second highest quarter of regulatory credit revenues as other OEMs are still behind on meeting emissions requirements," the carmaker shared. Tesla's stock surged 7.92% in the after-hours trading following the release of the report to sell at $230.58 apiece.