The Financial Times newspaper has followed the Time magazine in naming Elon Musk, the chief of Tesla 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.

The paper credited Musk for demonstrating that EVs could replace cars fueled by gasoline, and called him a revolutionary in the industry.

Musk is the world’s richest person and his company Tesla is worth about 1 trillion USD, making it more valuable than automakers Ford Motor  and General Motors combined.

Over the last few weeks, Musk has sold nearly 13 billion USD worth of Tesla shares.

Source: VOV5