Yes, it is dangerous for one person to have so much power, and in this case Musk is just one of the visible faces of the people who have even more power. 90 or more than 90% of the world's wealth is in the top 1% of people and they run the world... and nobody sees them... the visible faces are this guy ... Bill... etc etc... it's very dangerous. But it's true that if for example I want to live in a caravan I'm going to need it. Complicated...
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I think most of the world have no clue about how deep the issues go with the billionaires and mega-wealthy. String-pullers the lot of them, and they only have one thing in mind; themselves.
By having so much power they can do whatever they want, of course always for their own benefit and earn more millions.