Posted with permission from dpa German Press Agency

Los Angeles (dpa) - Electric car maker Tesla on Wednesday said it had more than doubled its revenue in the second quarter, exceeding expectations, and confirmed that it was on track to hit production targets for its new Model 3. 

Revenue climbed to 2.79 billion dollars from 1.27 billion dollars compared to the second quarter of 2016, the US carmaker said, though it also reported a net loss of 336 million dollars, up from a loss of 293 million dollars a year ago.

Delivery of the Model 3 started on July 28. The company said demand for its Model S and Model X was also increasing.

Tesla shares rose 2.5 per cent to 334.06 dollars Wednesday after the close of regular trading.