Tesla’s financial losses in the second quarter of 2018 have exceeded $717 million (£550m).
Despite this, the technology and vehicle manufacturer’s revenues exceeded expectations, totalling $4 billion (£3.07bn) in the three months leading up to June, an increase of 43% from the same period the year before.
The growth came as Tesla delivered more than 40,000 cars, including around 18,000 of its Model 3 vehicles, which it is striving to mass-produce.
The firm reached its goal of building 5,000 Model 3 cars every week a number of times in July and aims to produce up to 55,000 in the third quarter of the year.
Tesla shares rose more than 9% in after-hours trading as news of the increased revenue spread.
CEO Elon Musk said: “Our goal is to be profitable and cash-flow positive for every quarter going forward.”