Its more likely that after he scared away all the advertisers, him doubling down as "champion of free speech" was the only face saving act
If you think about it, paying $50 billion dollars and then within two years ending up with a company worth 95% less isn't very smart.
Sure Elon might be a centi-billionaire but a lot of it comes from Tesla which also is struggling.
For the little guys, his loss is a gain for us all. I especially love that he openly supports Trump