Back to latest news

Is Tesla close to autonomous driving?

Is Tesla close to autonomous driving?

According to CEO Tesla Elon Musk, is the most known U.S. electric vehicle maker, Tesla Inc. is “very close” to achieving level 5 autonomous driving technology. Tesla has become the highest-valued automaker as its shares surged to record highs and its market capitalisation overtook that of former front-runner Toyota Motors Corp.

“I’m extremely confident that level 5 or essentially complete autonomy will happen and I think will happen very quickly,” Musk said in remarks made at the opening of Shanghai’s annual World Artificial Intelligence Conference. He also added that he remains confident that we will have the basic functionality for level 5 autonomy complete this year.

The California-based automaker currently builds cars besides Autopilot driver-assistance system also new heat-projection or cooling systems to enable more advanced computers in cars.

97

Source: Investing

SoftBank provided change on how it revalues its investments. The ongoing impact of the coronavirus outbreak, which has exposed underlying problems at portfolio companies, means the fund's outlook for the rest of the financial year is still not positive.