Wall Street banks are gearing up to sell off up to $3 billion in debt tied to Elon Musk’s acquisition of X (formerly Twitter). Morgan Stanley

The Wall Street Journal reports banks are close to selling some of the $13 billion in debt they took on while helping Musk buy Twitter in 2022.

The richest man in the world, Elon Musk, recently sent letters to the employees of X, stressing that investing in the company hardly brings any results, judging by the captions of the American media.

Hollywood icon Morgan Freeman said in a 2016 interview that he owned Tesla stock. A $10,000 holding then would be worth over $300,000 now.

According to an internal email sent by Elon Musk to employees, X is 'barely breaking even,' citing stagnant user growth and underwhelming revenue

Banks who helped finance the $44 billion Twitter buyout are ready to sell their debt for 90 to 95 cents on the dollar according to a new report.

The Wall Street Journal reports that banks are planning to sell part of the $13 billion in debt they gave Musk to buy Twitter.

Elon Musk warns X staff of stagnant user growth and revenue challenges while banks plan to sell $13 billion in X debt.

Wall Street banks are preparing to sell up to $3 billion in debt linked to X, Elon Musk's social media platform. Morgan Stanley has contacted investor

Wall Street banks expect Tesla’s vehicle sales to grow much more slowly this year than its boss Elon Musk has forecast, as Donald Trump seeks to dismantle Biden-era climate policies that favour electric vehicles.

Elon Musk has admitted to the financial woes of his social media platform X. In an email to employees this month, Musk said that X is barely breaking even amid stagnant user growth and unimpressive revenue.