Tesla Motors sent out a press release late Sunday saying that it had delivered 24,500 vehicles in the company’s third quarter. According to Tesla, that number doesn’t account for 5,500 vehicles which had already come off factory lines but were still in transit to customers.

In Q2, CEO Elon Musk told investors and the press that Tesla would deliver 50,000 vehicles by the end of the year. That goal was a lofty one considering the company had only delivered 14,402 vehicles that quarter. Musk noted that his priority at the time was perfecting Tesla’s factories, or “the machine that makes the machine,” as the company’s executives have taken to calling it.

Tesla’s press release notes that Q3’s deliveries represent a 70-percent increase over last quarter’s deliveries. In total, 15,800 of the deliveries were Model S vehicles, and 8,700 were Model X vehicles.

“We expect Q4 deliveries and production to be at or slightly above Q3, despite Q4 being a shorter quarter and the challenge of delivering vehicles in winter weather over holidays,” Tesla wrote. “Guidance of 50,000 vehicles for the second half of 2016 is maintained.”

It’s unclear how this production increase will affect Tesla’s bottom line, especially in the middle of the company’s SolarCity purchase and any development costs relating to the Model 3. Tesla has seen 13 consecutive quarters of losses, though the company’s executives have promised that profitability is coming.

Tesla noted that it would no longer report non-GAAP revenue (GAAP stands for Generally Accepted Accounting Principles). The company has previously reported non-GAAP along with GAAP numbers because non-GAAP allows the company to take into account metrics from leased vehicles as well as resale value guarantees.

In May, the Securities and Exchange Committee (SEC) put forward new guidance to temper the use of non-GAAP metrics, which critics say risk giving an overly rosy look at a company’s performance. Tesla’s statement did not say whether the company’s financial reporting change was related to the SEC guidance or not. Last quarter, Tesla announced its GAAP results on its earnings call first, a subtle change that finance wonks noticed.