Tesla demand outpaces production, Musk says at earnings call

Tesla CEO Elon Musk said demand for the company's electric vehicles is significantly outpacing production, citing Full Self-Driving technology as the biggest driver during the company's earnings call. He also announced Cybercab's Dallas launch. Tesla reported $28.05 billion in third-quarter revenue and 486,532 vehicle deliveries. Musk said the company is ramping up production, with a goal of roughly 5 million vehicles annually by 2030, and raised 2026 capital expenditure guidance to about $20 billion. Tesla plans to launch its Cybercab service in Dallas next month, with customer deliveries targeted by end of 2026, though most units will stay in Tesla's fleet. Musk also seeks EU-wide FSD approval within months.