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

FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo

Tesla, the global EV leader, has pushed many young consumers and legacy automakers to shift focus to electric vehicles. Tesla, which currently has a market capitalization of over $1 trillion, is more valuable than renowned automakers Ford Motor and General Motors combined. "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."

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