It’s not the first time a president has empowered a business tycoon to look for ways to dramatically cut federal regulations.

Musk has emerged as a prominent member of Trump's inner circle. Tesla has lobbied for electric vehicle subsidies and other benefits over the years.

Naughty List While Elon Musk and president-elect Donald Trump are apparently closer than ever, the famously mercurial Trump seems to be growing weary of Musk's clinginess. "Elon won’t go home. I can’t get rid of him,