The political aspect has nothing to do with the collapse and it just feeds the conspiracy people. Corporations are "people" who give money to political parties (some to one party and some to more to hedge bets-in this case it was to both parties). This crash was likely hubris in an unregulated industry (although this can happen in regulated or "lightly" regulated ones as well as 2008 was an example with banks and mortgage syndication) and maybe criminal activity (ie. embezzlement if he has hidden money in offshore accounts) although yet to be determined. Will be interesting to say if Elon can overcome some of his own hubris with Twitter and avoid further meltdown of Tesla (which he's cause over the last several months) and avoid contagion spreading to Space X (due to his DoD and CCP contracts and ties).

https://www.coindesk.com/policy/2022...t-in-congress/