[Tesla CEO Elon Musk warns the government not to over-regulate] Golden Finance reported that Tesla CEO Elon Musk once expressed concern that excessive government expansion would cause the number of regulators to exceed the number of participants, which would have a negative impact on the system. Musk acknowledged the need for regulators, but stressed that the number of regulators should not exceed the number of participants. He reiterated that the government should act as a referee and make reasonable rules without hindering industry progress.