00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla CEO Elon Musk said demand for the company's electric vehicles is outpacing production,
00:08driven largely by growing interest in full self-driving technology, according to Fox Business.
00:13Tesla reported third quarter revenue of $28.05 billion and delivered 486,532 vehicles.
00:23Musk outlined plans to increase annual production to approximately 5 million vehicles by 2030.
00:29Tesla plans to launch its CyberCab service in Dallas next month and begin customer deliveries by the end of 2026.
00:36Musk said most CyberCabs would remain in Tesla's fleet for transportation services rather than being sold to individual buyers.
00:43The company raised its 2026 capital expenditure guidance to approximately $20 billion.
00:49Musk also said Tesla is seeking EU-wide approval for full self-driving.
00:53For all things money, visit Benzinga.com.
