Good question, I guess when you reach to a certain point of being rich. The government subsidize your lifestyle itself and it will try to keep it that way as long as it can, in other words socialism for the rich.

I guess the reasoning for this is to keep the status quo or if they do fail may cause economic collapse. Though in the first place it's the government fault allowing them to do so much damage and essentially hostage the whole economy.

He doesn't need to sell anything he just gets a billion dollars loan with his stock as collateral.

probably if he sold of his stocks a while ago then maybe?

Elon Musk has followed through with exactly one of his many, many promises for Tesla and failed to achieve all the others, and they voted to give him a trillion dollars.

It's just proof that people with money are gullible idiots who are more afraid of admitting they were wrong than they are of losing a lot of money.