It’s not the first time a president has empowered a business tycoon to look for ways to dramatically cut federal regulations.

President-elect Donald Trump and Elon Musk have big ambitions for making the federal government ... It will likely be a private effort that writes a report and sends it to the White House & Congress. Nothing more.” Congressional Republicans have ...

Musk has emerged as a prominent member of Trump's inner circle. Tesla has lobbied for electric vehicle subsidies and other benefits over the years.