Yeah I looked up the moon proposals and fundamentally they have to go to L1/L2 points and they are not stationary on the surface or have to pivot around the poles. A tether that was lunostationary is impossible since it would have to cut through the earth
The anchor point on the moon will be fixed. It's the counter weight at L1/L2 that will drift and will need some (small, according to Wikipedia) correction.
For what it's worth, I think you're right, although it's been a very long time since I did any mechanics. The tidal locking isn't completely perfect, so the elevator would probably have to be basically a spool of rope rather than an anchor; and the Moon's axis of rotation precesses every 18 years ish per https://en.wikipedia.org/wiki/Cassini%27s_laws, so again there would need to be quite a lot of flex in the elevator; but I don't see why it couldn't be done.