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Yeah but he does say the ultimate reason was that he wasn't happy or in the right head space and he's obviously avoiding starting a mud slinging match with his team (and possibly breaking a contract clause?) So I dunno. Seems to be a fart in a hurricane that comes down to frustrations over promised equipment not materialising leaving someone with quite a particular psychology feeling unable to perform.
People obviously don't like him or feel it was unprofessional but equally, if he had the equipment he had been told he would get or felt he needed to race the next stage, would you have bet against him in that or any TT this season? In the history of the sport riders getting custom or rebadged gear is pretty common so it's not like he's a primadonna in that regard.
Rohan Dennis will ride an unmarked bike supplied by the Australian national team in defence of his World TT title
https://www.cyclingnews.com/news/rohan-dennis-tour-de-france-pull-out-has-been-blown-our-of-proportion/