For starters it's too cold, too dry, atmosphere is too thin, and there's no reasonably sustainable power source.
But all of that is irrelevant because there's no magnetic field. So radiation. So unlivable.
There's also no point in a colony there. If life ends on earth it ends on Mars. There are no materials there we want. It offers exactly nothing we can't do better here, for much less money.
Will we land on Mars? Sure. There's always the goal of being first. But live there? No. Unsupported by earth? Very much no.
Robots have landed on Mars. Maybe they will even figure out how to use minerals on Mars to build more of themselves. It is plausible to me that as far as space exploration is concerned that it will be autonomous within a few hundred years.
If you think objectively Elon is not a psychopath.