During his speech at the VivaTech conference in Paris, Elon Musk expressed that Tesla is rapidly approaching the realization of fully autonomous vehicles. He emphasized that autonomy plays a pivotal role in determining the company’s market value.

Musk reiterated his confidence in solving the challenges of autonomy, stating, “I have mentioned this in the past, but I genuinely believe that we will achieve full autonomy in the near future.” According to him, the primary driving force behind Tesla’s value lies in its pursuit of autonomous capabilities.

Tesla currently offers a feature called “Full Self-Driving,” although it is important to note that this software does not render the vehicles completely autonomous, as clarified on Tesla’s official website. The existing features are designed to evolve and become more advanced over time. However, they still require a fully attentive driver who keeps their hands on the steering wheel and remains ready to assume control at any moment.

The autopilot feature assists Tesla vehicles by providing support with steering, acceleration, and braking in relation to other vehicles and pedestrians within the same lane. It primarily alleviates the most demanding aspects of driving.

By opting for Full Self-Driving capability, Tesla owners gain access to an array of advanced driver assistance features. These features are designed to offer more active guidance and assisted driving, but they still necessitate the active supervision of the driver.

Following Elon Musk’s remarks, Tesla’s stock experienced a surge of up to 3%, reaching its highest level in more than eight months.

Musk also took the opportunity to reiterate his call for regulation in the field of artificial intelligence (AI). He expressed concerns about the potential adverse consequences associated with the development of digital superintelligence. It has been reported that Musk has established his own AI company called X.AI, as indicated by a filing in Nevada.