Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Elon Musk in 2015 (AP's Ringo H.W. Chiu)

Elon Musk predicted that within 10 years nearly all new cars made in the U.S. will be autonomous, and half of those will be fully electric vehicles. "China is probably going to be ahead of that," the Tesla and SpaceX chief said Saturday, speaking at the National Governors Association meeting in Providence, Rhode Island.

Within 20 years, he said driving a car will be like having a horse (i.e. rare and totally optional). "There will not be a steering wheel."

Musk also used the appearance to encourage the governors to be careful about what regulations they make and which things they incentivize.

Why it matters: All of Musk's businesses — SpaceX, Tesla and his new Boring Co. tunnel business — depend on new approaches to regulation.

In a discussion with Nevada Gov. Brian Sandoval, Musk also touched on several other topics:

On energy:

Musk noted that it would only take about 100 square miles of solar panels to power the entire United States and the batteries needed to store the energy would only need to take about a square mile. That said, he imagines the energy shifting to a large dose of rooftop solar, some power plant solar, along with wind, hydro and nuclear power.

"It's inevitable," Musk said, speaking of shifting to sustainable energy. "But it matters if it happens sooner or later."

As for those pushing some other type of fusion, Musk notes that the sun is a giant fusion reactor in the sky. "It's really reliable," he said. "It comes up every day. if it doesn't we've got [other] problems."

On artificial intelligence:

Musk said it represents a real existential threat to humanity and a rare example of where regulation needs to be proactive, saying that if it is reactive it could come too late.

"In my opinion it is the biggest risk that we face as a civilization," he said.

No matter what, he said, "there will certainly be a lot of job disruption."

Robots will be able to do everything better than us, I mean all of us. I'm not sure exactly what to do about this. This is really like the scariest problem.

On regulation:

"It sure is important to get the rules right," Musk said. "Regulations are immortal. They never die unless somebody actually goes and kills them. A lot of times regulations can be put in place for all the right reasons but nobody goes back and kills them because they no longer make sense."

Musk also focused on the importance of incentives, saying whatever societies incentivize tends to be what happens. "It's economics 101," he said.

On what drives him:

"I want to be able to think about the future and feel good about that, to dream what we can to have the future be as good as possible. To be inspired by what is likely to happen and to look forward to the next day. How do we make sure things are great? That's the underlying principle behind Tesla and SpaceX."

On Tesla's stock price:

Musk said he has been on record several times as saying its stock price "is higher than we have any right to deserve" especially based on current and past performance. "The stock price obviously reflects a lot of optimism on where we will be in the future," he said. "Those expectations sometimes get out of control. I hate disappointing people, I am trying really hard to meet those expectations."

Musk also talked about Trump when answering a question from Axios at the event. More on that here.

Go deeper

Updated 2 hours ago - World

Islamic State claims responsibility for deadly bombing in southern Afghanistan

The mosque after the explosion in southern Kandahar province on Oct. 15. Photo: Murteza Khaliqi/Anadolu Agency via Getty Images

The Islamic State group claimed responsibility for a massive blast that tore through a crowded Shiite mosque in the southern Afghan city of Kandahar on Friday, killing at least 47 people and injuring dozens more, AP reports.

Why it matters: Friday's attack was the deadliest to strike Afghanistan since the U.S. withdrew its troops from the region and is the second major attack on a Shiite mosque in a week, underscoring the Taliban's growing security threat from other militant groups.

New wave of strikes will test worker power

Illustration: Sarah Grillo/Axios

Thousands of John Deere workers hit the picket line this week after the union smacked down a new worker contract from the farm and equipment maker.

Why it matters: There’s a wave of worker angst spreading across the country. They wield new power that’s come with a historic worker shortage.

Bryan Walsh, author of Future
5 hours ago - Technology

The smart city comes of age

Illustration: Aïda Amer/Axios

Better sensors, more intelligent AI, and the coming wave of 5G wireless could finally fulfill the promise of the smart city.

Why it matters: How we organize, run and power our cities will be increasingly important in the years ahead, as urbanization expands and the damaging effects of climate change compound.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!