He can say he is a socialist, but what he is is a crony capitalist or kleptocrat—pick one.
I don’t know if I would say he’s a crony capitalist. Generally “crony capitalism” is a system where government officials put their cronies into management positions in private industry and use them to exert control over those companies. That’s why I’ve said that crony capitalism isn’t really capitalism at all but rather socialism. Musk doesn’t really operate that way from what I’ve seen. What he does do is secure government subsidies for his businesses. But there is a point where that becomes socialism as well.