I want to agree with you, but there is also the facet of a man that promised to build something cheaper and better, without doing his homework. Regulations don't just fall from the sky.
> a man that promised to build something cheaper and better
No such promise was made.In fact, Musk explicitly went out of his way to say that he was not promising to build it himself.
He said — paraphrasing — "I'm too busy to do this and it might not even work, but maybe someone else can work on it and succeed, so I'm giving away the idea for free."