Bold Forecast Secured: Elon Musk Confident Tesla Will Achieve Level 5 Autonomous Driving in 2020

Investors familiar with Tesla (NASDAQ: TSLA) are well aware that advanced autonomous-driving capabilities and an outspoken CEO are two characteristics of the electric vehicle manufacturer that distinguish it from a majority of other car companies. Those two qualities merged today during remarks that CEO Elon Musk delivered in a video message at Shanghai's annual World Artificial Intelligence Conference.

In his statement, Musk said that Tesla is "very close to Level 5 autonomy," and suggested that it wouldn't be long before the company achieved it, stating, "I remain confident that we will have the basic functionality for Level 5 autonomy complete this year."

According to the Society of Automotive Engineers, Level 5 autonomous driving means that the vehicle is capable of performing all driving tasks amid any conditions without the need for human intervention. Currently, Tesla's self-driving mode, Autopilot, features the characteristics of Level 2 autonomous driving, allowing the ability to steer, accelerate, and brake within a lane.

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Source Fool.com