i thought the best thing to do after such a loss of control would be to straighten the wheel to prevent a slide and roll over and try to stop the car as best you could... not save it?

 

in a race where every lap counts, it's hard to think about things that fast, i think he did a good job of not going sideways, but you are right, he probably thought he could still make that turn but was going to fast and bailed a split sec to late to save the car.