Tesla (NASDAQ:TSLA) said demand for its vehicles exceeded production in the third quarter of 2026, with executives pointing to Full Self-Driving software, energy storage demand and early Robotaxi operations as central drivers of its growth plans. Chief Executive Officer Elon Musk said the company w
Tesla (NASDAQ:TSLA) said demand for its vehicles exceeded production in the third quarter of 2026, with executives pointing to Full Self-Driving software, energy storage demand and early Robotaxi operations as central drivers of its growth plans.
Chief Executive Officer Elon Musk said the company w
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Tesla NASDAQ: TSLA said demand for its vehicles exceeded production in the third quarter of 2026, with executives pointing to Full Self-Driving software, energy storage demand and early Robotaxi operations as central drivers of its growth plans.
Chief Executive Officer Elon Musk said the company was ramping vehicle output and targeting annual production of about 5 million vehicles by approximately 2030. Tesla also began production of its Semi truck during the quarter and said it had begun early production work on a high-volume Optimus humanoid robot line in Fremont, California.
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“Demand is growing rapidly for our vehicles,” Musk said, adding that the company was producing and delivering as many vehicles as it could. He characterized Full Self-Driving, or FSD, as the largest demand driver for Tesla vehicles.
Vehicle demand, FSD adoption and margins
Chief Financial Officer Vaibhav Taneja said Tesla recorded its second consecutive quarter with vehicle deliveries exceeding 480,000 units. The company ended the period with its highest vehicle backlog in four years, with deliveries primarily constrained by production capacity, he said.
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Averytin News Financial update.