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In 2019 tesla seemed close to dying and then it went up 10x. Twitter could see a similar revival. Who knows. Musk has shown an ability to defy naysayers over and over.
I think this is similar to what Carlous Rex told himself when deciding to advance ahead of his supply lines and into Russia. And in his defense, taking the initiative had helped him in a number of previous battles and to secure his kingdom.
Elon has enough wealth and sold enough stock that this cannot possibly break him. He could just walk away and take the $25 billion hit (he's already down $10 billion probably) and still be the second or third richest person in the world. He's only on the hook for the $13 billion loan. The rest is paid for by him and business partners. But it's not a good look for him making such a blunder, assuming twitter fails.
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