why do we need else statement in python code example

Example: else if python

name = input("What's your name? \n") # Asks user for a name

# Following if order:
# first program checks if the if is true
# next program lists down the elifs (or else ifs) in the order 
# in which they are listed
# Lastly, if there is an else, program does whatever is inside
# of there.

if name == "Aguy12": # First checks if they answered "Aguy12"
  print("Wait a second...")
elif name == "Aguy11": # Then checks if they answered with "Aguy11"*
  print("Now that's definitely not true")
else: # If none of those are true greets the person accordingly
  print(f"Hello, {name}!")
  
# * ONLY IF THE IF STATEMENT IS NOT TRUE