Analysis: Elon Musk is crowning himself technoking of the federal government
1 month, 3 weeks ago

Analysis: Elon Musk is crowning himself technoking of the federal government

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. Back in August, as speculation about a potential Elon Musk cabinet position began swirling, I wrote that the notion was laughable because a) you can’t work on government matters that affect your own personal finances, so Musk would wind up in a quagmire of lawsuits, and b) even if you ignore the legal and ethical constraints, his Tesla shareholders — who hold the key to his wealth — would revolt. But I sorely underestimated how ferociously Musk would sink his teeth into Donald Trump’s coattails in order to run roughshod over legal precedent and anoint himself the technoking of the federal government. But since Trump’s decisive win and elevation of “first buddy” Musk, shareholders seem content to let Musk run wild on the hopes that he’ll do what any CEO with a scary amount of power would do: slash regulations and make sure any new policies benefit the bottom line. The current situation is different, he noted, and “any blowback or criticism is far outweighed by these huge positives of Musk’s role in a Trump White House that ultimately will accelerate the autonomous roadmap in the United States.” (Autonomous driving, that is — just one several of Musk’s projects that he has repeatedly overpromised and underdelivered on.

History of this topic

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