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Financial Times calls Elon Musk ‘person of the year’

The Financial Times the newspaper has follow Time magazine calling Tesla Inc chief Elon Musk “person of the year,” praising him for the work he’s done in transforming the electric vehicle industry.

Tesla, the global EV leader, has pushed many young consumers and legacy automakers to shift their focus to electric vehicles.

In a column, FTRoula Khalaf’s editor credited Musk for demonstrating that electric cars could replace gas-powered cars, and called him an industry revolutionary.

“For a long time, the rest of the auto industry basically called Tesla and I idiots and scammers,” Musk said in an interview.

“They say electric cars won’t work, you can’t get the range and performance. And even if you do, no one will buy them.”

Musk is the richest person in the world, and his Tesla company is worth about $1 trillion, making it more valuable than automakers Ford Motor and General Motors combined. Over the past few weeks, Musk has sold nearly $13 billion worth of Tesla stock.

Democrats in the US Senate have demanded a tax on the stocks and tradable assets of billionaires because most of their wealth is located there.

Earlier this week, US Democratic Senator Elizabeth Warren is on Twitter to say that Musk should pay his taxes and stop “freely annoying others” after Time The magazine named him “person of the year”.

“And if you open your eyes for 2 seconds, you’ll realize that I’ll pay more taxes than any other American in history this year.” Musk replied.

From hosting NBC’s sketch comedy show “Saturday Night Live” to dropping tweets about crypto and stock meme memes that triggered massive fluctuations in their value, Musk has dominated the headlines. and attracted more than 66 million followers on Twitter.

(Reporting by Rhea Binoy, Shubham Kalia and Chavi Mehta in Bengaluru; Editing by Devika Syamnath and Maju Samuel)

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