Why is this only about Elon to some people? It's not only about Elon.
because the value (or lack of) on most companies he manages are tied to his personality cult. it's the main "product" of those stocks, not always what the company does. see the tsla rewards (hence investments), the board places more resources on musk doing his road show than factories, as proved by hard factual numbers.
I have a friend who unironically said "Elon Musk is the most important human who has ever lived"