I see what you mean, but I just can’t see how people find wiggle room in the First Commandment. To me it is a trans-historical, immutable warning to mankind to beware of our own temptation to create earthly manifestations and pluralities of divinity of one sort or another and worship them.
One and two go hand in hand.
A graven image is an idol. As well, other idols (graven images?) include but are not limited to - Money, job, car, boat, anything placed in a higher position than God. You money, if more important than God, is a god before Him.