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Tesla ‘very close’ to level 5 autonomous driving technology, Musk says

SHANGHAI/BEIJING: US electric vehicle maker Tesla Inc is “very close” to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, pertaining to the potential to navigate roads with none driver input.

“I’m extremely confident that level 5 or essentially complete autonomy will happen and that i think will happen very quickly,” Musk said in remarks made via a video message at the opening of Shanghai’s annual World AI Conference (WAIC).

“I remain confident that we'll have the essential functionality for level 5 autonomy complete this year.”
Elon Musk

Automakers and tech companies including Alphabet Inc Waymo and Uber Technologies are investing billions within the autonomous driving industry.

However industry insiders have said it might take time for the technology to urge ready and public to trust autonomous vehicles fully.

The California-based automaker currently builds cars with an Autopilot driver-assistance system.

Tesla is additionally developing new heat-projection or cooling systems to enable more advanced computers in cars, Musk said.

Industry data showed Tesla sold nearly 15,000 China-made Model 3 sedans last month.

Tesla has become the highest-valued automaker as its shares surged to record highs and its market capitalization overtook that of former front-runner Toyota Motors Corp.

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