I think Musk is a businessman but I'm not really sure if he's ever done actual engineering work, and the title gives him a sort of undue authority when he speaks on technical matters, for example his statements on the state of AI[1], the progress of autonomous driving, or generally other fantastical statements.
It also takes attention away from the people who deserve it. Say, Tom Mueller at SpaceX, who is responsible for a good amount of actual engineering work but I figure most people haven't even heard of.
[1]https://twitter.com/an_open_mind/status/1260528928617369601?...