Reminder that Elon didn't even intend to buy Twitter
He wanted to sell ~$2.5 Billion Tesla stock at all-time highs without causing the stock price to significantly deflate, so he used the Twitter purchase suggestion as a cover. He did similar pump and dump schemes with crypto - like Dogecoin - but because Elon is fundamentally a dumb guy, he did the extraordinarily stupid thing of signing a purchase agreement with Twitter
Elon thought he'd be able to wiggle out of it because he assumed the SEC would be the regulatory body he'd be up against - and to his credit he has made a career out of making the SEC look like spineless chumps - but much to Elon's horror he actually found himself before the almighty Delaware Court of Chancery
So in an effort to slyly make a couple Billion $'s, Elon torched ~$40 Billion of his personal wealth, in what is arguably the biggest bag fumbling in modern history