After Time magazine, the Financial Times newspaper has now named Tesla CEO Elon Musk as its “Person of the Year”.
see photosElon Musk is the richest person in the world and his company Tesla is worth about $1 trillion
The Financial Times newspaper has followed Time magazine in naming Tesla Inc chief Elon Musk as its “Person of the Year”, appreciating him for the work he has done in transforming the electric vehicle industry. Global EV leader Tesla has prompted many younger consumers and older automakers to focus on electric vehicles. In a column, FT editor Roula Khalaf credited Musk with demonstrating that EVs could replace gasoline-powered cars, and called him a revolutionary in the industry.
“For a long time, the rest of the auto industry was basically calling Tesla and me a fool and a fraud,” Musk said in an interview. “They were saying electric cars wouldn’t work, you couldn’t get range and performance. And even if you did, nobody would buy them.”
Musk is the world’s richest person and his company Tesla is worth about $1 trillion, making it more valuable than automakers Ford Motor and General Motors. In the past few weeks, Musk has sold nearly $13 billion worth of Tesla shares.
Global EV leader Tesla has prompted many younger consumers and older automakers to focus on electric vehicles
US Senate Democrats have demanded that billionaires’ shares and tradable assets be taxed because that’s where most of their wealth is.
Earlier this week, Democratic US Senator Elizabeth Warren said on Twitter that Musk should pay taxes and stop “freeloading everyone else” after Time magazine named him “Person of the Year.”
Musk replied, “And if you opened your eyes for 2 seconds, you’d realize that I’ll be paying more taxes this year than any American in history.”
From hosting the NBC sketch comedy show “Saturday Night Live” to dropping tweets on cryptocurrencies and meme stocks whose value has caused massive stir, Musk has grabbed headlines and has over 66 million followers on Twitter.
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(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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