Elon Musk named Time's 2021 'Person of the Year'

[Leroy N. Soetoro]

https://www.reuters.com/business/elon-musk-named-times-2021-person-year-
2021-12-13/

Dec 13 (Reuters) - Tesla (TSLA.O) Chief Executive Officer Elon Musk was
named Time magazine's "Person of the Year" for 2021, a year that saw his
electric car company become the most valuable carmaker in the world and
his rocket company soar to the edge of space with an all-civilian crew.

Musk is also the founder and CEO of SpaceX, and leads brain-chip startup
Neuralink and infrastructure firm The Boring Company. Tesla's market value
soared to more than $1 trillion this year, making it more valuable than
Ford Motor (F.N) and General Motors (GM.N) combined.

Tesla produces hundreds of thousand of cars every year and has managed to
avert supply chain issues better than many of its rivals, while pushing
many young consumers to switch to electric cars and legacy automakers to
shift 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."

Tesla CEO Elon Musk gestures as he visits the construction site of Tesla's
Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick
Pleul/Pool via Reuters

From hosting Saturday Night Live to dropping tweets on cryptocurrencies
and meme stocks that have triggered massive movements in their value, Musk
has dominated the headlines and amassed over 66 million followers on
Twitter.

Some of his tweets have also attracted regulatory scrutiny in the past.

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 named the teenage pop singer Olivia Rodrigo as its
"Entertainer of the Year", American gymnast Simone Biles "Athlete of the
Year" and vaccine scientists were named "Heroes of the Year".

Last year, U.S. President-elect Joe Biden and Vice President-elect Kamala
Harris were jointly given the "Person of the Year" title. Time began this
tradition in 1927. Facebook (FB.O)CEO Mark Zuckerberg and Amazon
(AMZN.O)founder Jeff Bezos have also received the title in the past.

Our Standards: The Thomson Reuters Trust Principles.



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