I dont believe that.

Buying twitter was his ego getting the better of him. Once he came to his senses he tried every which way to get out of the deal. But he couldn't. He had to buy it.

Hanlon tought us: Never account to malice that which is adequately explained by stupidity. Buying twitter was never really thought trough. It was a joke, a meme. Something never meant to be taken seriously. He was sure he could alter the deal. But he couldn't. Instead he instead of Lando was left with the clown's shoes, unicycle and ballerina outfit.

Ever since he's trying to recuperate something, anything. And nothing seems to work, everything he does only backfires. It seems he's embracing the backfire now. Musk being musk, that isn't something he does without a plan.

The question is... What's the plan. And this explanation seems plausible.

And by the way: he's still just doing this for shit and giggles. He's having fun, first and foremost. He's giving us all the finger. Look at that guy during that interview. Everything he says and does is very deliberate. He enjoys his trolling.

To him this isn't real money. He can piss it through the toilet and it would never ever result in any consequence whatsoever for him.

He can lose 90% of his worth and would still be insanely impossibly rich.