Elon Musk: Tesla market value linked to solving this problem

Elon Musk, CEO of the American electric car maker Tesla, said that the automaker’s market value is directly related to the company’s ability to solve the problem of self-driving.

Musk said, in his speech at the global “VivaTech” conference in France, which included the descendant of the royal family of the “LVMH Moët Hennessy” group, Antoine Arnault, who hinted that the market value of Tesla, amounting to $ 827 billion, dwarfed the value of Tesla.

In his response to the comment, the US billionaire indicated that he has little discernment regarding stock price movements. And Musk considered that “ratings are a strange thing.” However, he stressed the existence of a relationship between the market value of Tesla and the mastery of self-driving technology

Musk said, according to CNBC, that the value of the company depends primarily on autonomous driving. “If you look at Tesla’s total car production, it’s close to 2 million cars this year. But this is still only 2% of total car production.” Pointing out that “the possibility of realizing this technology is a very great value

Musk has said for several years that Tesla is close to solving the problem of self-driving, but the company’s cars still only provide advanced driver assistance features.