Tesla beat profit estimates for the third quarter, sending the stock up as much as 7% after hours. The earnings call is scheduled 5:30 p.m. ET.

Tesla slashed prices last year leading to a sharp decline in profit margins. This spring, it shifted its strategy to offering cheaper financing options and discounts that analysts have said could slow its margin bleed over the coming quarters.

Tesla’s earnings beat Wall Street’s estimates for the third quarter. Shares are rising in after-hours trading. The electric vehicle company reported 72 cents a share in earnings, up 9% year over year and better than the 60 cents that analysts expected.