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The problem is he doesn’t provide a reasonable explanation for why Musk made his comments.

It doesn’t take a genius to think, as the CEO of a public company, saying you have funding confirmed when you don’t might land you in hot water.

So the most likely scenario is he understood all of this and said it anyway.

Why?

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It's not knowable at this time why Musk made his comments. As a writer the best Levine can do is contextualize the situation and how it compares to norms of corporate finance, try to probe at possible plausible explanations for Musk's behavior, and evaluate the relative likelihood of each as well as the potential pitfalls. Of course none of the proposed explanations are really tenable. It isn't Levine's task to explain why Musk made the comments -- that falls rather squarely on Musk, or, perhaps, the SEC.

Here is NYT answer:

Two people familiar with the chain of events said that in a conversation with an informal adviser about the mess he had gotten himself into, Mr. Musk said he had taken to Twitter impulsively. He said he had done so because he was not the kind of person who could hold things in, and was angry at the company’s critics. [0]

[0] https://www.nytimes.com/2018/08/13/business/dealbook/tesla-e...

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