To me this seems more like - with the stock market down Elon figures he can get a discount on Twitter and so will now try to renegotiate the price.
If you were buying a house, and had already made an offer and put down 3% earnest money with your offer, but then realized you could probably get 30% off the purchase price by backing out and offering again - would you?
Good point - A former colleague made an asking price offer on a house in 2007 that was rejected by the sellers. He bought the same house a year later from them for 70% of his original offer thanks to the Great Recession.