From what I understand, Elon’s primary motivation behind buying Twitter was to preserve free speech on the internet. That’s kind of an American thing. I don’t see Elon changing that to bend to the laws and rules of the EU.
I have my opinions, but one of them that’s mixed in there is respecting the willingness to stay true to the ideals and value of free speech, even if it means losing advertisers or whatever else. Freedom of speech is important, and we can’t have honest debates about serious topics without it.