Varney: Elon Musk is the most important executive in the world

'Musk is a game changer'

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FOX Business’ Stuart Varney, in his latest “My Take,” admitted that he has been "wrong" about Tesla CEO Elon Musk.

“I dismissed him as a showman, always eager to grab publicity with outrageous tweets and wild claims," he said. "And look at him now. He's getting a $775 million performance bonus. The stock price stayed way up there despite what so many people said, including myself, and he gets the money.”

TickerSecurityLastChangeChange %
TSLATESLA INC.1,544.65+150.37+10.78%

Varney said Musk also has many other impressive achievements.

“He founded and still runs the most exciting car company in the world, Tesla,” Varney said. “He makes electric cars in Asia, Europe and America and most people I know who have them say those cars are the best electrics on the market.”

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Elon Musk, Founder and Chief Engineer of SpaceX, attends the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. (Photo by Yasin Ozturk/Anadolu Agency via Getty Images)

Varney also pointed out that Musk still runs The Boring Company, a “budding transportation enterprise” that just finished a tunnel in Las Vegas.

“[Musk] and Jay Leno drove through it in a prototype Tesla cybertruck,” Varney said.

Varney believes the SpaceX launch will be another "triump" for Musk.

“Weather permitting, a SpaceX rocket lifts off with two American astronauts aboard,” Varney said. “It’s a first for commercial space flight. And Elon Musk did it.”

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In this May 27, 2020 image from video made available by SpaceX, liquid oxygen vents off the Falcon 9 rocket as NASA astronauts Bob Behnken and Doug Hurley in the Crew Dragon capsule prepare for launch from the Kennedy Space Center in Cape Canaveral,

Varney said there are many similarities between Musk and Apple’s Steve Jobs.

“Musk is famously difficult to work with and for. And so was Jobs,” Varney said. “But more importantly, Musk may have the same impact on the world: the iPhone changed so many things. Arguably, so will Tesla cars, tunnel transit at hyperspeed and SpaceX.”

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Varney believes Musk is now the "most important executive in the world."

Musk is a game changer,” Varney said.

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