“Twitter will be forming a content moderation council with diverse viewpoints”
This sort of justifies the viewpoint that despite all his bluster, Elon will probably run Twitter the way a "reasonable executive" would.  Not just release the hounds.Keep the advertisers happy, but try to reduce the reliance on advertisers.  Keep moderating content to reduce abuse, maybe eliminate the high profile banning but a person on the ground will have largely the same experience. (probably less action on more contentious issues, but you still can't use racial epithets and call for violence).  Evaluate most employees or teams on the merits, there will be layoffs, probably big layoffs but they'll be managed incremental and strategic.  Build more products and pivot the product strongly but again, not in the image of a Parler or a Truth Social.
Twitter won't become a cesspool because he understands that people need to be able to control what they see or they'll leave.  Essentially try to create more safe spaces on twitter, not less.