...topping Wall Street expectations and meeting its own target of delivering at least 360,000 vehicles by the end of last year.

The delivery results are a vindication for CEO Elon Musk, whose behavior over the last two years has come under close scrutiny from federal regulators and Tesla shareholders.

The electric carmaker also provided an update on its Shanghai factory, which has started churning out its more-affordable Model 3.

It said the plant demonstrated a production run-rate of more than 3,000 vehicles per week.

The $2-billion factory is Tesla's first car manufacturing site outside the United States and is at the center of its ambitions to boost sales in the world's biggest auto market.