That's not really a useful or sufficient argument against languages that target JavaScript, since you won't be reading or maintaining the JavaScript code itself. You could say the same thing about assembly code ("languages which target assembly languages usually end up outputting more assembly code than if the programmer had just written the assembly code manually"). If you're really concerned about lines of code (which is itself somewhat troublesome), a more valid comparison would be the lines of Elm code versus the lines of human-written JavaScript code to implement the same thing.
Does it really matter how much javascript gets created? That statement could be made for any higher level language where X lines of the higher level language compiles into 5X lines of the target language. Maybe you could hand write your program in the target language using only 4X lines, but the point of the higher level language is to make it easier for the programmer to avoid mistakes as well as reduce source code size, not necessarily compiled code size.