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• Market value of Tesla climbed more than $1 trillion in 2021
• Teenage pop singer Olivia Rodrigo is named the “Entertainer of the Year”
Tesla Chief Executive Officer Elon Musk was named Time magazine’s “Person of the Year” for 2021, after his electric car company became the most valuable carmaker in the world.
The market value of Tesla climbed more than $1 trillion in 2021, which is more than the combined market value of Ford Motor and General Motors.
Musk also leads SpaceX, his rocket company, whose market value soared this year with the launch of an all-civilian crew.
"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’s popularity
Musk has been in the news because of his interesting comments mainly on cryptocurrencies on Twitter gathering him 66 million followers on the platform. He has also hosted Saturday Night Live recently.
According to the magazine, "The Person of the Year" signifies somebody "who affected the news or our lives the most, for better, or worse."
Teenage pop singer Olivia Rodrigo is named the “Entertainer of the Year,” gymnast Simone Biles is named "Athlete of the Year" while the vaccine scientists were named "Heroes of the Year."
The "Person of the Year" title for 2020 was given jointly to U.S. President-elect Joe Biden and Vice President-elect Kamala Harris last year.
Picture Credits: Reuters