Two innovators in their respective markets -- Tesla Motors (TSLA - Analyst Report) and Whole Foods (WFM - Analyst Report) -- have reported earnings results for their September quarters after the bell Wednesday, and both companies performed admirably.

Tesla brought in a big revenue surprise of $932 million in quarterly revenues on a loss per share of 29 cents (constituting a big miss from the -15 cents expected, although quarterly EPS numbers are not what Tesla investors tend to focus on), whereas Whole Foods beat on the bottom line with a profit of 35 cents per share on sales of $3.26 billion, beating the 32 cents per share and $3.25 billion expected.

Both companies' share prices have been on rollercoaster rides for the past several months as both companies have been enduring challenges to their businesses. In Tesla's case, a factory shutdown in July, coupled with expenses related to the company's Gigafactory and an expected push-back of deliveries of its Model X crossover have helped Tesla shares slide more than 9% over the past month before today's closing bell.

Although Tesla has lowered its guidance for total deliveries in fiscal 2014 -- from 35K previously to 33K now -- and its delayed release of the Model X to Q3 of 2015, shares in the after-market, while fluctuating wildly for awhile, are now up over 5%. The company was clear in its statement that its issues are supply-constrained, not demand-constrained, and the company's all-wheel drive version of the Model S has required a bit of extra work in the quarter as well.

That said, Tesla expects to deliver 2000 cars per week by the end of fiscal 2015.

Whole Foods posted its second quarterly earnings beat in a row after the bell Wednesday. On comparable store sales, the company saw 5.9% growth in its fiscal Q4 2014. The company's beat on both top and bottom lines was accompanied a 20% increase in quarterly dividend as well as a share repurchase authorization of $500 million.

The long-awaited turnaround for Whole Foods seems to have taken hold, as competitors have crept into the high-end grocery space Whole Foods dominated for years. The company noted that its current quarter (Q1-15) trends are up 4.6%, higher than projections for the entire quarter. Same-store sales for fiscal 2015 have also guided higher.

Comp store sales in particular seem to be where Whole Foods has gained ground in Q4, especially compared to the previous quarter, when WFM shares were crushed in the after-market following its Q3 earnings report. Currently the shares have gained 6% in late trading today, following the earnings announcement. Whole Foods possessed a Zacks Rank #4 (Sell) prior to the earnings announcement.