Billionaire inventor Elon Musk was named the 2021 Person of the Year by Time magazine on Monday.
Musk is the owner of two companies - Tesla Inc., the global leader in manufacturing electric vehicles, and SpaceX, an aerospace manufacturer, space transportation services, and communications corporation, which has won numerous contracts from the United States government to explore space.
Person of the Year is an annual issue of the US news magazine and website Time that features and profiles a person, a group, an idea, or an object that "for better or for worse... has done the most to influence the events of the year" since 1927.
