Elon Musk Being Named Time’s 2021 ‘Person of the Year’ Boosts His Influence Over the Auto Industry

Elon Musk Being Named Time’s 2021 ‘Person of the Year’ Boosts His Influence Over the Auto Industry

​Tesla Inc Chief Executive and billionaire entrepreneur Elon Musk has been named Time’s 2021 “Person of the Year”, a year in which his electric car company was crowned the world’s most valuable automaker. Tesla’s rapid rise has created a ripple effect in the auto industry, with rival automakers who once dismissed Tesla as just a niche electric car company with little threat to their sales have now committed to investing billions to develop new electric models to compete.