As Musk referenced in his email, the report says the banks hope to use the narrative of Musk’s link to Donald Trump, as some unnamed investors may be interested in buying based on a belief that its financials are on the way up.

X owner Elon Musk said growth on his platform is "stagnant" in a January email to staff that was reported by the Wall Street Journal

Twitter's financials are still looking pretty dire — as owner Elon Musk himself admitted in a January email to staff reviewed by the WSJ.

Elon Musk’s email to X employees reveals the company, which faces serious revenue issues and stagnant user growth, is barely breaking even. Musk, who completed the $44 billion takeover of Twitter in 2022,

Though Musk notes that X is 'shaping national conversations,' that's not going to help banks collect on the money they put up to help Musk buy Twitter in 2022.