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

In a recent internal email to employees, Elon Musk, CEO of X, acknowledged the platform's ongoing financial challenges.

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.

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

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.

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 world’s richest man is now also one of the most politically powerful. Musk’s journey to mega MAGA funder sheds some light on what his motivations might be.

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 recently shared to X employees that the company is struggling to break even, and it is still its problem.

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.

Musk's email highlighted that despite X's influence in shaping national conversations, its financial performance has not met expectations.