Tesla CEO Elon Musk said demand for the company's electric vehicles is significantly outpacing production, pointing to growing interest in Full Self-Driving technology as the automaker prepares to expand its Cybercab service to Dallas next month.

Musk touted what he described as a "very strong" third quarter during Tesla's earnings call , saying the company is ramping up production to meet growing demand.

"Demand is growing rapidly for our vehicles. It's exceeding our production by a significant margin," Musk said. "The biggest driver for demand is full self-driving, and today there's really no competitor for FSD in any car that you can buy."

Tesla reported $28.05 billion in third-quarter revenue, while deliveries totaled 486,532 vehicles.

ELON MUSK SAYS TESLA-SPACEX MERGER WOULD BE 'A GOOD IDEA' AS COMPANIES FORM SPECIAL COMMITTEES

Tesla announced plans to launch its Cybercab service in Dallas in November 2026 as the company expands its autonomous transportation network beyond Austin.…