It could've just been part of the big ego'd power struggle that occurred on the project and saw the exit of many early stage employees, but I also wonder if he had a point, looking back today at the stages the project went through. It's hard not to feel like they thought they were close to launch, only to hit some roadblocks and need to rebuild major chunks of it. Speculation. But they're a huge company with a product that is at risk of getting usurped at this point.
https://www.businessinsider.com/most-luxurious-private-jets-...
https://www.beautifullife.info/automotive-design/worlds-top-...
If you're aiming for the billionaire narcissist bracket - because of course it's the lifestyle you deserve - 120 million is chump change.