Tesla boss Elon Musk named ‘Person of the Year’ by Time magazine

Dec 14, 2021

By: Vaamanaa Sethi

Tesla’s chief executive (CEO) Elon Musk has been named as ‘person of the year 2021’ by US-based Time magazine.

Credit: Time

According to the magazine, ‘person of the year’ signifies...

...somebody who affected news or our lives the most in a year, for better or worse.

Credit: Wikipedia

Tesla, which is an electric vehicle maker, had a very successful year...

...as the market value of the company soared more than $1 trillion, making it more valuable than Ford Motors and General Motors.

Credit: BCCL

Musk’s spacetech firm SpaceX, in April, won an exclusive National Aeronautics and Space Administration...

...(NASA) contract to put US astronauts to the moon for the first time since 1972.

Credit: SpaceX

All of this has combinedly made him the richest man in the world with a net worth of $254 billion...

...(as per Bloomberg, December 14), ahead of Jeff Bezos, the owner of e-commerce major Amazon.

Credit: BI

“He’s a player in robots and solar, cryptocurrency and climate, brain-computer implants...

...to stave off the menace of artificial intelligence… He dominates Wall Street,” Time magazine wrote about Elon Musk.

Credit: BI

Musk has also been a pivotal part of the global crypto ecosystem this year,...

...creating ruckus in crypto prices with his tweets. In October, he revealed that he has invested his money in Bitcoin, Ethereum and Dogecoin.

Credit: BI

A lesser known fact about Musk is that he founded several companies before...

...becoming the CEO of Tesla and SpaceX.He co-founded Zip2 with his brother Kimbal, which was a web software company and X.com, an online bank.

Credit: BI

Musk also co-founded OpenAI in 2015, a non-profit research firm...

...that promotes friendly artificial intelligence and Neuralink in 2016, a neurotechnology company focused on brain-computer interfaces.

Credit: BI

RBI’s lower rate hike as expected, but Das’ commentary still hawkish, say analysts