What do you think Elon means by "the appropriate penalty" for treason?
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There is only one appropriate penalty for treason.
Legally, there are 2:
https://www.law.cornell.edu/uscode/text/18/2381
Death OR minimum 5 year imprisonment and $10,000 fine.
Oligarchs can sneeze $10k in a matter of seconds.
The law does say "not less than" meaning it can be any amount more than that the court deems acceptable. So, I would think "everything you own" and life in prison would be a reasonable alternative if the death sentence is stayed for any reason.