Elon Musk has been named Time magazine’s “Person of the Year” for 2021, a year that saw Tesla become the most valuable carmaker in the world and Musk's space company SpaceX carry an all-civilian crew to the edge of space.
Tesla’s market value rocketed to more than $1 trillion this year, making the electric vehicle company more valuable than General Motors and Ford combined.
Each year, Tesla produces hundreds of thousands of vehicles. While its rivals have struggled with supply chain issues in recent months, Tesla has largely managed to avert them while simultaneously promoting the switch to EVs to younger consumers.
"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," Time magazine 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."
