The Financial Times has named Elon Musk, the chief executive officer of Tesla Inc(TSLA.O), as its “Person of the Year,” following in the footsteps of Time magazine and praising him for his efforts in changing the electric car sector.
Tesla, the world’s leading electric car manufacturer, has influenced many young people and traditional manufacturers to switch to electric automobiles.
The FT’s editor, Roula Khalaf, lauded Musk for proving that electric vehicles might replace gasoline-powered vehicles in a commentary, calling him a “revolutionary” in the business.
Tesla is more valuable than famed manufacturers Ford Motor (F.N) and General Motors (GM.N) combined, with a market value of over $1 trillion.
“For a long time, the rest of the car industry basically called Tesla and myself foolish and scammers,” Musk said in an interview with the newspaper.
“They said that electric automobiles would not work because the range and performance would be insufficient. Even if you did, no one would want to purchase them.”
Musk has dominated the news and acquired over 66 million Twitter followers, from anchoring the NBC sketch comedy show “Saturday Night Live” to posting tweets about cryptocurrencies and joke stocks that have sparked big price moves.
“He is one of the most transformative corporate personalities of the period, despite his unusual and inflammatory tweets, which some may seem juvenile. As a result, the Financial Times has named him Person of the Year for 2021 “Khalaf continued.