DETROIT — Tesla, the electric car and solar panel maker, said Wednesday that it made $331 million, or 27 cents per share, for its fifth-straight profitable quarter.

Excluding special items such as stock-based compensation, Tesla made 76 cents per share, beating Wall Street estimates of 57 cents. Revenue from July through September was $8.77 billion, also passing analysts’ expectations of $6.3 billion, according to FactSet.

The earnings were driven by a 44% increase in global deliveries for the quarter, which came as U.S. auto sales overall fell 9.7% from a year ago due to consumer fears about the economy hit hard by the pandemic.

Shares of the Palo Alto, Calif., company rose 2.6% in extended trading Wednesday.