Banks unloaded $5.5 billion of debt holdings in X that they have been stuck with since 2022, when they helped Musk acquire the site formerly known as Twitter for $44 billion, people familiar with ...

As Musk continues to politicize his public identity, and the company continues to heave itself into public criticism, banks are starting to feel the burn of the hot potato their loans have become ...

Elon Musk's $43 billion acquisition of Twitter has a new distinction: the worst banking deal since 2008. The banks that lent Musk $13 billion are struggling to resell the debt, causing them problems.

Credit: Bloomberg / Getty Images Elon Musk plans to turn X, formerly Twitter, into an all-encompassing financial hub that will fully replace the need for banks. And he plans to do it in a year's time.

On Monday, banks sold the final slug of the debt they lent for Musk’s takeover of Twitter in 2022, according to people familiar with the matter. The $1.2 billion of loans sold at 98 cents on the ...

Elon Musk added another $11.98 billion to his bank account over the last week, as tracked by the Dow Jones Market Data Group. The most recent filings show Musk holds 423,622,000 shares in Tesla ...

Elon Musk spoke about crystal balls, bank lending, self-driving cars and lithium refineries this week. Here are his 10 best quotes from Tesla's Q1 earnings call. By Theron Mohamed ...

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