Replace the melted part.
If tank is popping breaker, then the melted part has a short circuit.
http://waterheatertimer.org/How-to-troubleshoot-electric-problems-with-water-heater.htmlWhen replacing thermostats, I usually replace both of them
http://waterheatertimer.org/How-to-replace-thermostat-on-electric-water-heater.htmlThere are 5 basic parts to electric water heater.
Electricity to water heater.
Upper thermostat
Upper element
Lower thermostat
Lower element
It sounds like electricity is good.
Elements are probably good if just replaced, but one of them could have a short.
Thermostat is melted, so replace it and see if it restores hot water.
If not, then take 40 minutes and do complete troubleshoot as shown in link above.
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Also take advantage of fixya phone service.
For a price, expert speaks with you over phone while you work on timer or any do-it-yourself project.
Fixya is always less expensive than a service call.
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