I'm departing from my own policy for a moment and make a political statement.*
Elon Musk doing the fascist salute is not okay. It means he is either ignorant or up to no good. In both cases that means that a person in his position is dangerous.
His behaviour should not be handwaved and at the very least be watched very carefully with a very critical eye.
This covers only one specific public appearance, but there would be much more justification for stronger statements.
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