The reason why it's scarier is that for those of us who've come to understand Elon, his actions, and his methods better, it's clear that:
- he IS "the status quo elite that have been looting the USA for decades"
- instead of being an incredibly smart polymath who turns things to gold, it's become obvious his main talent is actually just convincing other people that he's smart
- the successes of Tesla and SpaceX have had to come DESPITE Elon's management, and despite having huge budgets to hire some of the smartest people around, he's still an incredibly weighty anchor pulling them down
- rather than being transparent, he's playing at being a showman - and people who are only passively observing the situation are getting sucked into it