This is exactly what Basic Autopilot is: Traffic Aware Cruise Control with Lane Centering. It is the same in in essence as every other ADAS out there: GM Super Cruise, Ford Blue Cruise, MB Driver Assistance, BMW Driving Assistance Professional, Toyota Safety Sense 3.0, VW Travel Assist, Rivian Highway Assist, Nissan ProPILOT Assist, Honda Sensing, Volvo Pilot Assist, Hyundai Highway Driving Assist, etc.
Tesla differentiates itself from all the others above with Enhanced Autopilot and FSD Capable. Those add semi-autonomous navigation to the core autopilot. FSD Capable has the ability to automatically stop at stop signs and stop lights.