Perhaps, but it’s easy to attribute malice to what is done by sheer incompetence. To me the situation reads like he bought his favorite toy and is playing with it until it breaks.
Musk seems unstable, but Tesla, his stocks and various other endevaours has been masterfully constructed to extract public wealth and placing it into private hands.
This is probably just him being bipolar or whatever, but every day companies are being purposefully run to the ground, resold, repackaged, sabotaged etc. for a myriad of financial reasons.
The whole "Never attribute to malice that which is adequately explained by stupidity " is such a disgusting american smokescreen, same with the stupid "occamz razor" being constantly used wrongly to shut down old school financial journalism or conspiratorial nature of the upper echelons of society, something that was in the public consciousness 50 years ago, but has now been memoryholed. It's so laughably convenient if it wasn't so sad.
The oligarchs are very, very savvy about finances, but "seem" incompotent about their core business, because their core business is often not what they tell you it is, or they just don't care about efficiency, but about monopolies, subsidies and public funds.
"Oops we lost all of the public's money, sorry we were so incompetent, we're just human after all and didn't intend or plan to at all even though the half the money is now funnelled through hyper advanced financial schemes to Caribbean islands".
It's easy to attribute incompetence to what is done under the influence of drugs.