“That may very well be extremely problematic as a result of that may affect each rule-making from all the businesses that at the moment oversee firms that Musk owns,” stated Michael Brooks, govt director of the nonprofit Middle for Auto Security, a watchdog group.
By Matt O’Brien and Tom Krisher
November 13, 2024
In picking billionaire Elon Musk to be “our value cutter” for the U.S. authorities, President-elect Donald Trump received’t be the primary American president to empower a enterprise tycoon to search for methods to dramatically lower federal rules.
President Ronald Reagan tapped J. Peter Grace to steer a bureaucratic cost-cutting fee in 1982. Nonetheless, the chemical enterprise magnate had fewer conflicts of curiosity than the world’s richest man does right this moment.
Musk’s SpaceX holds billions of {dollars} in NASA contracts. He’s CEO of Tesla, an electrical automobile enterprise that advantages from authorities tax incentives and is topic to auto security guidelines. His social media platform X, synthetic intelligence startup xAI, mind implant maker Neuralink and tunnel-building Boring firm all intersect with the federal authorities in varied methods.
“There’s direct conflicts between his companies and authorities’s curiosity,” stated Ann Skeet, director of management ethics at Santa Clara College’s Markkula Middle. “He’s now able to try to curry favor for these enterprises.”
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