The Tesla CEO said he will push through with the Elon Musk Twitter deal and honor his initial offer to acquire the social media platform at $54.20 a share. But it does not look good, according to a "Shark Tank" investor. 

Kevin O'Leary urged Musk to start over with the company if he wanted to make money from his $44 billion purchase of the social media giant, Business Insider reported. 

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Twitter Is a Horrible Company, Says Kevin O'Leary

"It is full of bots. It's a poorly run company ... If he's going to take it over, maybe he can get back his $44 billion. I don't think it's worth $10 billion," Kevin O'Leary told CNBC in an interview. 

According to Yahoo Finance, O'Leary also stated that the social media platform needs new management as it is a horrible company and Musk needs to clean it and start from scratch if he is going to own it. 

The Shark Tank investor figured that Twitter shares would be worth between $12 and $15 each without the Elon Musk Twitter deal hype.

Kevin O'Leary said that he sold all his Twitter stock in August because he thought Musk would agree to a new price of $35 per share before going through with the acquisition.

"Musk would be able to thread the needle through litigation and do the deal for much less. And I don't know why he didn't do that. He didn't have to pay this ridiculous price," O'Leary said.

Elon Musk Should Negotiate for a Lower Price, Says Accelerate CEO Julian Klymochko

Julian Klymochko, CEO of Accelerate, said it surprised him that Elon Miusk did not try to negotiate a lower price to settle the case.

"I believed that a negotiated settlement at approximately $50 per share would be the most likely outcome," he said, adding that Musk could not back out of the deal.

Over the past 15 years, Klymochko has invested in/researched more than 2,500 mergers.

He continued that it is very challenging and has only ever happened once in history to end a merger agreement based on an MAE (Acorn v. Fresenius) when the target's firm utterly collapsed after this successful MAE-based merger termination.

He also said that Twitter's financial performance had not taken a big hit since the announcement of the Elon Musk Twitter deal.

According to the Accelerate CEO, since the trial outcome will be hard to predict for both sides, the most likely thing to happen is that Musk will buy Twitter at a discounted price, Benzinga noted.

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Written by: Bert Hoover

Watch: I would bet on Elon Musk over Twitter deal, says Kevin O'Leary - From CNBC Television