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Musk wouldn't take it, or wouldn't stay long if he did. People in cabinet positions get sidetracked all the time by stuff outside their main goals. For example, Dr. Steven Chu, secretary for energy under Obama's first term, wanted to push a nuclear power renaissance. When BP had an oil rig disaster, he had to focus on that instead. So that's great, we wasted the time of a doctor of physics on an oil spill. It's far from the only reason the nuclear renaissance failed, but it didn't help.
If Musk doesn't realize this problem already, it won't take very long until he does and leaves the job.
You seem to think Musk is putting in a lot of time doing important work, and not shitposting on Xitter. You also seem to assume he would actually give the cabinet position the full attention and effort it deserves.
Yeah, his boss would be Trump, who used fema resources to steal medical equipment from states during an unprecedented (in modern times) pandemic scenario. A president who thought he could gain politically by letting the virus run wild, on the assumption that it would hit cities harder, and then probably didn't even care that much when it backfired.
I think the real reason Elon might not want this position is because there's a decent chance his and Trump's egos will clash at some point.
xitposting pronounced the same