Tesla shares climbed as the automaker expanded its auto-selling platform.
The stock gained $2.06 per share, or 2.3%, to $39.68 in extended trading after the company reported fourth-quarter results on Friday.
Tesla is expanding its retail store business with stores in Chicago and Nashville.
It will also open an electric car charging station in Las Vegas in 2019.
Tesla also expanded its production of its Model 3 sedan to 1,000 cars a week, increasing production to 5,500 vehicles a week by the end of 2019.
The company said it would begin selling its first Model X crossover SUV in 2021, which will be produced by Tesla and built by General Motors.
The stock was up about 12% in after hours trading, while the Dow Jones Industrial Average was up around 1%.
Tesla said it expects its total U.S. auto sales to rise to 8.2 million vehicles this year, compared with 7.7 million last year.
Tesla’s auto sales will rise from 8.3 million vehicles last year to 10.6 million vehicles in 2021.