100% Wrong. He's only cashed out a fraction of his compensation package, which was granted in options, not dollars. The relevant metric here is not how much money he has cashed out of the business, but whether he has cashed out more shares than those granted to him via compensation (adjusted, of course, for splits).
Not only did Elon not lie about "being first in and last out" (yet), but you are twisting logic to try to imply that he did, just like the media does.
I am not a blind Elon worshipper, despite investing significantly (to my level) when not many of today's investors were with him (Tesla):
There are things I am critical of Elon. I think he should not have pumped the stock in Q3 earnings call, saying BTFD, and then in Twitter spaces recently warned to stay off margin. The Fed trajectory hasn't changed much during that time period. It's like he saw the coming decline and sold them at local peaks.
THAT SAID...
Elon is not someone who is greedy for money:
This whole argument of "Elon cashed out" is trying to paint him as someone who is greedy for money. Does he have cash after all these sales? No.
He put (most of) the money he had into a venture he thinks is very important to humanity. I am not counting the shares he donated to his trust and not sure if the trust sold any this quarter. Cash he has personally I would think is very low (relative to his net worth) at this point even after recent sales.
I DO NOT agree with the way he is doing things. As much as I like to believe that his ulterior motives are more positive (bringing rural America to adopt EVs, leaning far too right now to bring them onboard to Twitter etc), his Tweets make that claim sometimes very questionable. I worry "at times" he might be turning a Howard Hughes. But again, to the current point, he put the money towards what he thinks is a very important mission. I don't see any "greed for money"
While we are at it, I do have issues with Kimbal dumping on retail right at the peak, a few days before Elon put out a Twitter poll on selling TSLA.
Also, what's with the Chairwoman, it's like she doesn't have any trust in TSLA growth, or always in need of money. I wonder where she is investing so much, taking it away from TSLA.