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.

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

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.

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