Jacob, I agree that Haley sounded a bit like a third-party candidate tonight, taking on both frontrunners. If any voters were hoping to avoid a Trump vs. Biden rematch, it seems increasingly clear that they won't get their wish. Haley is staying in and attacking both Biden and Trump as two versions of the same thing: old, out of touch and not ready to take the country into the future. She still hasn't fully attacked Trump for his role in Jan. 6 and the court cases against him, which might win her some points with the non-Republican electorate, and it hasn't worked for her so far to try to make the age case against him. I don't think any of this will work, but we'll also have to see how Super Tuesday unfolds, since she seems to be staying in.

—Monica Potts, 538

If Haley is contemplating a third party bid, she’d have a lot of ground to make up. We’ve seen only two polls testing Haley as an independent, and both show her in the low double digits: SurveyUSA/Charles H. Riggs III has her at 13 percent in a 3-way race against Trump and Biden, with Trump at 45 percent and Biden at 40 percent, and Emerson College has her at 12 percent, with Trump at 42 and Biden at 37. When you throw in Kennedy, West and Stein, she drops to 10 percent in that SurveyUSA poll.

So, if she really wanted to make a go of a third party bid, she’d have to hope something pretty dramatic happened to move voters in her direction. Otherwise, it looks like a third party bid would be DOA.

—Mary Radcliffe, 538

Haley spent a good portion of her speech attacking Trump and Biden in equal measure. It definitely raised the specter of a third-party candidacy down the line, after she loses the GOP nomination, perhaps on the No Labels ticket. Haley has said she’s “not interested in talking” with the centrist group, but that doesn’t mean she can’t develop an interest later on.

And it’s not entirely unheard of for a losing GOP candidate to launch a more center-minded independent bid for president against an incumbent Democrat and the Republican who beat them in the primary. Illinois Rep. John Anderson did just that in 1980 against Jimmy Carter and Ronald Reagan. He ultimately won about 6.6 percent of the vote (5,719,850 popular votes, but no electoral votes).

—Jacob Rubashkin, Inside Elections

That electability case may not be resonating with actual primary voters, though. According to a January poll conducted by Monmouth University/The Washington Post, likely South Carolina GOP primary voters care more about issues than electability in choosing their nominee. Sixty-two percent said it was more important to nominate a candidate whose positions on the issues are closest to their own, while 33 percent said it was more important to nominate a candidate who seems most likely to beat Biden in November. There was little difference between Trump and Haley voters on this: 61 percent of Trump voters and 64 percent of Haley voters said that issue positions were more important, while 34 percent of Trump voters and 31 percent of Haley voters chose electability.

—Mary Radcliffe, 538

As of 9:20 p.m., 70 percent of the expected vote is reporting in South Carolina, and Trump is leading Haley by 20 points. It’s a decisive victory for the former president, as expected, though a somewhat smaller margin than his average lead in the polls heading into today (around 28 points).

Haley’s margin of defeat, though, looks even larger when it comes to delegates: Under South Carolina’s delegate allocation system, over half the state’s 50 delegates are awarded to the statewide winner, while the rest are awarded by congressional district. It looks like the maximum delegates Haley could walk away with in her home state tonight is three, if she holds onto her lead in the 1st District.

Despite this, Haley proclaimed in her speech that tonight’s result demonstrated her home state’s frustration with the country’s direction and reiterated her promise to stay in the race.

And on that note ... We hope to see you back here for our Super Tuesday live blog on March 5! We're gearing up for an eventful night tracking not only the presidential race in 15 states (and one territory) but a slew of down-ballot primaries in Senate, House and gubernatorial races as well.

—Tia Yang, 538