It’s about Elon’s control over these companies. Creating a valuable company with durable revenue that produces products that the market actually wants, with stable governance by a board representing the shareholders of the company? Bah! What am I, a sucker?

He wants control, so that he can use investor’s cash to do epic stuff like humanoid robots, cyber trucks, an AI that tells you that apartheid was actually cool, rocket cars, real life brain controlled robot bacon chungus, etc.