Tesla CEO Elon Musk thinks the automaker’s market capitalization is immediately tied as to whether or not the automaker is ready to resolve autonomous driving, the billionaire instructed LVMH scion Antoine Arnault Friday.

Musk was talking at Paris’ VivaTech innovation convention. The youthful Arnault ribbed Musk about Tesla’s $827 billion market cap, noting it dwarfed the storied luxurious conglomerate’s valuation.

The Tesla CEO responded and urged he had little perception into inventory worth actions. “Valuations are an odd factor,” Musk mentioned. “Typically I’ve mentioned, ‘Hey, I believe the inventory worth is simply too excessive at Tesla,’ after which the inventory worth goes up. I am like, ‘okay.'”

However Musk additionally urged Tesla’s market cap was tied as to whether or not the corporate might excellent autonomous driving expertise.

“Actually the worth of the corporate is totally on the premise of autonomy,” Musk mentioned. “In the event you take a look at our complete automobile output, it is virtually 2 million autos this 12 months or one thing like that. However that is nonetheless solely 2% of complete automobile manufacturing.”

“The potential for autonomy is that the worth of autonomy is so excessive, that even even in case you have a reduction, a share chance of autonomy taking place, that’s so extremely worthwhile,” the CEO continued. He additionally reiterated the concept of Tesla house owners turning their autos right into a fleet of self-driving robotaxis, an concept which he as soon as mentioned can be applied by 2020.

Musk has mentioned for a number of years that Tesla is near fixing autonomous driving, however the firm’s automobiles nonetheless solely present superior driver help options.