The FAANGs have spent millions of dollars building or leasing their current offices, it's not hard to see the Finance/Accounting folks escalating that those investments should to be utilized. (Not saying that it's a primary driver here - but surely it's a factor.)
If Elon thinks great products can be shipped only from the office, it's fine. We continue to ship "subpar" stuff from wherever. Our products are still useful to a lot of people, get the job done and is profitable and making lots of money.
Modern tech and knowledge work seems like it would happen in a hybrid of office and home (or wherever).
A third data point: Every other office our company has is now open, and employees have to (or are strongly encouraged to cough cough) return.