It's less of a bet against him.
It's more of a bet for the future of humanity.
And contrary to what Elon believes about himself, his work has been toxic for humanity for the last 5 years and is getting worse.
Elon helped save the future of humanity by causing a massive shift in how people treat opinions that don't goose step with the rest of the media. That happened when he bought Twitter and it continues with grok being balanced (and confirmed as such by independent testing of multiple models).