He did remove the censors in a way that makes the site unappealing to a lot of people, but at the same time 1,000x’d the amount of discussion on previously censored topics.
Like the discussions on there look like something out of 4chan these days.
A generous interpretation might be that Elon thought that re-enabling public discussion in certain verboten topics is important enough to light a big wad of cash on fire.
It’s not hard to predict that letting people talk about those things openly will scare off a lot of people. I would be surprised if he is surprised.