Ultimately, of course, power resides with the American people. Musk’s power comes from his ownership of capital, but the way he exercises it is fundamentally a democratic one — if he’s able to primary Congressional Republicans, it’s because his primary challengers are able to win votes, and if he’s able to start a rage-mob on X, it’s because people like what he says.

What power ...?

If you are upset about Elon musk power, remember it comes from taxpayer money (state subsidies) and the money printer (stock ownership)

This is a good piece that's worth reading beyond just the actual (deliberately provocative) subject line. His point about the "real Elon" and "Evil Elon" is interesting. I'm not sure I agree with his conclusion that people would just get sick of Elon if he crosses a line, and I think he's underestimating Twitter's power (not that many people using it doesn't take into account that certain things from it get amplified everywhere). But it's an optimistic view (the notion that people really aren't suckers), and better than the other alternative he mentions, the idea that only other oligarchs could provide any sort of check.