Tesla Motors Inc (TSLA) CEO Elon Musk Named As Fortune’s Businessperson Of The Year

Posted Nov 21, 2013

There is no double that Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk is a creative genius.  On top of selling PayPal for billions of dollars to eBay, he is also the CEO of SpaceX and Tesla Motors.  When he is not working at the his automotive and aeronautics company, he is coming up with ambitious transportation ideas like the Hyperloop and chairs solar energy company SolarCity.

This is the reason why Fortune Magazine has named Musk as the top businessperson of 2013.  Fortune selected Musk due to the revenues and stock price gains from the three companies that he founded: Tesla Motors, SpaceX, and SolarCity.

“The co-founder of PayPal has gone on to disrupt aeronautics with Space Exploration Technologies, known as SpaceX; shake up the auto business with Tesla Motors; and retool the energy sector with SolarCity,” wrote Fortune. “But it is his audacity and tenacity that make him Fortune’s Businessperson of the Year.”

Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk has seen his fair share of adversity in recent times though.  The stock price dropped heavily between early October and now due to several of the Tesla Model S vehicles catching on fire.  Tesla’s stock neared $200 per share, but dropped back down to the $120 range.

Some of the other notable businesspeople listed in the top 50 include ‘Pony’ Ma Huateng (Tencent), Angela Ahrendts (Apple), Reed Hastings (Netflix), Jeff Bewkes (Time Warner), Jeff Bezos (Amazon), Akio Toyoda (Toyota), Larry Page (Google), and Warren Buffett.