There is a giant elephant in the room, and it means that the deal may not go through at all.
There is ample reason to believe that the $44 billion deal could still fall apart, if market factors beyond Musk's control are included.
Everything appears to be kosher at first glance. The financing from Morgan Stanley is ready to rock, and there is a $1 billion break fee that both Musk and Twitter agreed to pay.
The outrageous sum has not yet been transferred. There is still plenty of time for things to go wrong.
This deal has cost Musk more than he anticipated. The news that Musk will have to sell his shares in the company to afford the deal has caused the stock to plunge. If Musk abandons the deal, the bounce back in the stock would make up for the $1 billion break fee.
He must be tempted by the immense headaches.
There is also the small matter of China to contend with. China is home to half of the company's production and a quarter of its revenue, as well as being a serious foe to the company on social media. It would be nearly impossible for Musk to untangle himself if China interfered, as he would have to walk away from buying the social network.
It's unlikely that Musk's free speech absolutism will hold water if he takes the helm.
The European Union Commissioner warned that if he refused to play by the EU's rules on policing illegal or harmful speech, it could lead to the banning of the social networking site. While there is less to worry about in the US, there is still a concern that Apple or another tech giant may pull a company from their app stores if they decide to allow hate speech.
For now, the world must wait and see if Musk's plan to buy out the company will actually happen.
It is looking as unlikely as ever.
Musk probably won't buy Twitter.
The terms of the deal say that Musk isn't allowed to insult.
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