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TECH ·UNITED STATES ·October 31, 2026

Elon Musk says Tesla and SpaceX have "created meaningful wealth" for employees

“Tesla and SpaceX have created meaningful wealth for hundreds of thousands of employees over time and improved the retirement savings of hundreds of millions of people..”
— Elon Musk, CEO

Reported October 31, 2026 by thenews.com.pk. Checked word for word against that report.

✦ Summary · October 31, 2026 AI-written summary of the news — not a direct quote

Elon Musk used a recent social‑media update to point out that his two companies have generated substantial financial benefits for a large workforce and have boosted retirement accounts for many millions of people. In the same message he noted that consumer interest in Tesla vehicles is outstripping the firm’s current production capacity, with the order backlog reaching its highest level in four years. He added that the availability of new models is lagging behind market demand, even as subscriptions for the full‑self‑driving feature climbed about 67 percent to roughly 1.74 million and more than three‑quarters of recent North American deliveries included it. Musk also referenced ongoing technical and regulatory hurdles, including a National Highway Traffic Safety Administration review following the Cybercab rollout.

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