Tesla delivered 486,532 electric vehicles in the third quarter, beating estimates. The stock is rising.

Tesla delivered 486,532 electric vehicles in the third quarter, the company reported Friday, significantly beating estimates. Tesla stock rose sharply. Before the release, analysts expected Elon Musk’s EV company to ship 461,000 units in the quarter, according to FactSet. Estimates compiled by Tesla by sell-side analysts called for deliveries of 461,974 cars during the quarter, which would have represented a 7.1% increase…