Which, if that worked, would be a spendy but powerful play for turning the US into a one party autocracy.

Benefits (for musk): He doesn't need to manipulate elections anymore

Hazards: He now needs to manipulate the new regime.

Also the one party autocracy is not popular and depends on fascist rhetoric, eventually a war to keep the social unrest manageable. That doesn't work long term, and Musk is a clear collaborator