Elon is problematic in many ways and despite the cool things his companies do, I think he is also causing harm. However, he is not an idiot, he is very business savvy, he does things for real reasons, and if you're going to speculate that he's being an idiot and making a stupid decision, then I think it needs an argument of substance that actually understands the factors at play in spending billions of dollars on buying a company. Which I don't think either of us are equipped to provide.
Saying "this doesn't make sense" is basically an admission that it isn't understood, rather than evidence that Elon is being an idiot.