His biggest risk is investors losing confidence in him. He uses his name and brand to pull in billions I to companies like Tesla and SpaceX, and when that money floe stops because he becomes too unhinged, his wealth will start to vapourise. A lot of his wealth is actually pure stocks, backed by his companies, which are backed by his ego.

This is why some people theorise thst the Twitter buyout was actually an excuse to sell Tesla stock without making the company plummet. He had to sell stock to get the company, and if he would now sell the company to someone else, he gets the liquidated assets of his purchase without Tesla stock owners realising what he did. Assuming this theory hold water and he’s smart enough tk play the long game, we’ll see him sell Twitter off to some investment firm in a few years.

He could also face actual consequences, as in real life prison, if the SEC can get solid proof of his market manipulation strategies. He has done some pretty sketchy things surrounding Tesla stock and cryptocurrency trading, but proof is very hard to come by. If they go after him with too little proof, they may lose the ability to convict him.