The reality is much more benign. Musk isn’t the savior of free speech, he inserts rules against it constantly, like throttling nyt or saying they’ll comply with authoritarian states. He’s complains about spam and bots (despite claiming it’s an easy problem to solve) then changes verification in a way the makes it difficult know who is actually who.
Separately, you seem very bitter toward people who have left twitter after Elon changed it. Perhaps because with the voices of the elite (a politically loaded term you’re using to describe experts or people at the top of their fields) departing, the platform is less valuable and interesting.
The sad thing is, I think Elon could have been a good steward for the platform, but instead he’d rather antagonize advertisers and a subset of his users. That’s not being the great leveler though—if people select out, it’s no longer a common/shared space for everyone.