We're about to witness the greatest wealth transfer in history. Create a depression, depress asset valuations, buy assets from desperate people for pennies on the dollar. IIRC, Musk pretty much laid out this plan before the election.
But his wealth is overwhelmingly in the form of assets. If his Balance Sheet looked like Warren Buffet's balance sheet with a large and growing cash position, sure, maybe that could work, but it doesn't.
Didn't he just rug-pull a bunch of morons for a few billion dollars?
A few billion is pocket change for Musk. Do you mean Trump?