Elon Musk did not visit Israel as planned for the International Smart Mobility Summit 2026 in Tel Aviv, but he still gave the event a clear tech focus through a live video talk. Musk, who leads Tesla, Inc. (TSLA), the electric car and clean tech firm best known for its EVs, battery tech, and self-driving push, praised Israel’s startup scene and said he hopes to visit soon.
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“I’m a big fan of the entrepreneurship that comes from Israel,” Musk said. He added that Israel is “number 1 in the world” in terms of what it can achieve for its size and said he “takes his hat off” to the country for its tech edge.
Meanwhile, TSLA shares dropped 4.75% on Friday, closing at $422.24.
Tesla Eyes Israel for Self-Driving Tech
The main focus was Tesla’s Full Self Driving system, also known as FSD. Musk said Tesla’s self-driving tech could come to Israel soon, and he framed AI as the key force that will shape the next phase of transport.
“The path to safer driving than human driving is absolutely clear,” Musk said. He added that within five to ten years, he expects about 90% of all transport to be run by AI systems rather than human drivers.
Musk said Tesla’s model is based on AI and cameras, in a way meant to mimic how a person drives. In his view, this route can prove safer than a human driver over time.
Musk also used the event to lay out a broad view of AI and robots. He said he expects “more smart robots in the world than humans” in the future, with human-like robots used across daily life.
“Who wouldn’t want a personal robot assistant?” Musk said. He added that if robots and AI can do tasks better than people, they could lift the global economy by as much as 100 times.
Still, Musk kept the tone wide and long-term. He said the best future would be one where people have strong health care, cures for disease, no hunger, and more freedom to spend time as they choose. He also said he hopes for a world with less conflict, while noting that the hard part is finding peace without too much control over people.
Is TSLA Stock a Buy, Hold, or Sell?
Turning to the Street, Tesla Inc. has a Moderate Buy consensus, based on 18 analysts’ ratings. The average TSLA stock price target is $448.64, implying a 6.25% upside from the current price.
