Tesla stock rose in premarket trading on Monday after the company reported a 73% increase in third-quarter deliveries.

The company delivered 241,300 vehicles, with production increasing by 64% to 237,823.

Tesla: Current and upcoming models, prices, specs, and more - Electrek

In the third quarter, Tesla delivered a total of 232,025 Model 3 sedans and Model Y compact sport-utility vehicles. Model S sedans and Model X sport-utility vehicles were delivered in a total of 9,275 units.

The maker of electric vehicles thus defied the semiconductors shortages plaguing the industry to stay on course to meet its full-year target of 50 percent more deliveries than last year’s 499,550.

In contrast to Tesla, General Motor's third-quarter delivery volumes were down by about a third due to supply chain issues.

GM’s dealers delivered 446,997 vehicles in the U.S. in the third quarter, down 218,195 units from a year ago as semiconductor supply chain disruptions and historically low inventories hurt sale