FT Names Elon Musk as its 'Person of the Year'

FILE - In this March 14, 2019, file photo, Tesla CEO Elon Musk speaks before unveiling the Model Y at the company's design studio in Hawthorne, Calif. (AP Photo/Jae C. Hong, File)
FILE - In this March 14, 2019, file photo, Tesla CEO Elon Musk speaks before unveiling the Model Y at the company's design studio in Hawthorne, Calif. (AP Photo/Jae C. Hong, File)
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FT Names Elon Musk as its 'Person of the Year'

FILE - In this March 14, 2019, file photo, Tesla CEO Elon Musk speaks before unveiling the Model Y at the company's design studio in Hawthorne, Calif. (AP Photo/Jae C. Hong, File)
FILE - In this March 14, 2019, file photo, Tesla CEO Elon Musk speaks before unveiling the Model Y at the company's design studio in Hawthorne, Calif. (AP Photo/Jae C. Hong, File)

The Financial Times newspaper has followed the Time magazine in naming Elon Musk, the chief executive officer of Tesla Inc, as its "Person of the Year", commending him for the work done in transforming the electric vehicle industry.

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

In a column, the FT's editor, Roula Khalaf, credited Musk for demonstrating that EVs could replace cars fueled by gasoline, and called him a revolutionary in the industry.

Tesla, which currently has a market capitalization of over $1 trillion, is more valuable than renowned automakers Ford Motor and General Motors combined.

"For a long time, the rest of the auto industry was basically calling Tesla and me fools and frauds," the newspaper quoted Musk as saying in an interview.

"They were saying electric cars wouldn't work, you can't achieve the range and performance. And even if you did that, nobody would buy them."

From hosting NBC sketch comedy show "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.

"For all the eccentric and provocative tweets that strike some as childish, he is one of the most transformational business figures of the era. For that reason, the FT is making him its Person of the Year for 2021," Khalaf added.



Kate, Princess of Wales, to Present Women's Singles Trophy at Wimbledon

Britain’s Kate, Princess of Wales awaits the arrival of France’s President Emmanuel Macron and his wife Brigitte Macron in Windsor, England, Tuesday July 8, 2025, on the first day of a three-day state visit to Britain. (Chris Jackson/Pool via AP)
Britain’s Kate, Princess of Wales awaits the arrival of France’s President Emmanuel Macron and his wife Brigitte Macron in Windsor, England, Tuesday July 8, 2025, on the first day of a three-day state visit to Britain. (Chris Jackson/Pool via AP)
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Kate, Princess of Wales, to Present Women's Singles Trophy at Wimbledon

Britain’s Kate, Princess of Wales awaits the arrival of France’s President Emmanuel Macron and his wife Brigitte Macron in Windsor, England, Tuesday July 8, 2025, on the first day of a three-day state visit to Britain. (Chris Jackson/Pool via AP)
Britain’s Kate, Princess of Wales awaits the arrival of France’s President Emmanuel Macron and his wife Brigitte Macron in Windsor, England, Tuesday July 8, 2025, on the first day of a three-day state visit to Britain. (Chris Jackson/Pool via AP)

Kate, the Princess of Wales, is set to present the trophy to the winner of the women's singles final at Wimbledon on Saturday after opting not to attend the match last year while she was recovering from cancer.

The All England Club said Kate, the wife of Prince William, will be back in the Royal Box on Center Court for the match between eighth-seeded Iga Swiatek and No. 13 Amanda Anisimova. She will then take part in the on-court trophy presentation, The AP news reported.

Kate has been the patron of the All England Club since 2016 and has regularly attended the men's and women's finals. However, she was not there when Barbora Krejcikova defeated Jasmine Paolini for the women's title last year.

She did hand the trophy to Carlos Alcaraz after his victory over Novak Djokovic in the men's final, when she made only her second public appearance since announcing she was diagnosed with cancer.

She has been gradually returning to public duties since since announcing last fall that she had completed chemotherapy, and took part in welcoming French President Emmanuel Macron during his state visit to Britain this week.