(credit: Tesla Motors)

Tesla Motors posted its second-ever profitable quarter on Wednesday, announcing that it had made a profit of $22 million during the third quarter of 2016. By comparison, the company lost $293 million in the second quarter. During Q3, Tesla brought in a total of $2.3 billion, nearly double from Q2 2016.

In a statement, the company cited “new product launches, increased store efficiency and new store openings,” as being a primary driver of revenue.

Tesla continued: