Why are there concerns about Elon Musk accessing sensitive federal data?

The concerns stem from Musk lacking proper security clearance while gaining access to sensitive government information. Critics question what accessing this data has to do with cutting government waste or addressing everyday concerns like consumer prices. The speaker argues there's no transparency about what information is being accessed, who's accessing it, and for what purpose it's being used. The situation is characterized as potentially compromising Americans' sensitive data, with allegations that Trump is allowing Musk unrestricted access to government information without proper oversight.