Elon Musk, the CEO of Tesla, was chosen Time magazine’s “Person of the Year” for 2021, a year in which his electric vehicle firm became the most valuable in the world and his rocket company launched an all-civilian crew to the edge of space.
Musk is also the creator and CEO of SpaceX, as well as the CEO of Neuralink, a brain-chip startup, and The Boring Company, an infrastructure company. This year, Tesla’s market worth surpassed $1 trillion, making it more valuable than Ford Motor Company and General Motors Company combined.
Tesla manufactures hundreds of thousands of cars each year and has outperformed many of its competitors in terms of avoiding supply chain challenges, all while encouraging many young people to switch to electric cars and legacy automakers to move their focus to EV vehicles.
“For creating solutions to an existential crisis, for embodying the possibilities and the perils of the age of tech titans, for driving society’s most daring and disruptive transformations, Elon Musk is TIME’s 2021 Person of the Year,” the magazine’s editor-in-chief, Edward Felsenthal, said.
“Even Elon Musk’s spacefaring adventures are a direct line from the very first Person of the Year, Charles Lindbergh, whom the editors selected in 1927 to commemorate his historic first solo transatlantic airplane flight over the Atlantic.”
Musk has dominated the headlines and acquired over 66 million Twitter followers, from hosting Saturday Night Live to posting tweets on cryptocurrencies and joke stocks that have prompted big price moves.
In the past, some of his tweets have drawn regulatory scrutiny.
According to the magazine, “The Person of the Year” signifies somebody “who affected the news or our lives the most, for better, or worse.”
Time magazine awarded Olivia Rodrigo, a teen pop singer, “Entertainer of the Year,” Simone Biles, an American gymnast, “Athlete of the Year,” and vaccine scientists “Heroes of the Year.”
Last year, Vice President-elect Kamala Harris and US President-elect Joe Biden were named “Person of the Year” together. In 1927, Time launched this practise. In the past, the honour has been given to Facebook CEO Mark Zuckerberg and Amazon founder Jeff Bezos.