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.

Musk told employees about the controversial social network's financial struggles earlier this month, as US banks look to find buyers for the company's mammoth debt pile.

Musk's gesture, which some called a "Nazi salute," sparked outrage among Democratic lawmakers, as well as politicians in Europe.

One Trump ally told Politico that “It’s clear he has abused the proximity to the president” in his attack on Altman—which pretty quickly devolved from “they don’t have the money” to presenting Altman as a spineless flip-flopper who trashed Trump during his first term but is sucking up to him now.

President Trump's massive $500 billion AI infrastructure dubbed Stargate rustled plenty of feathers, reigniting a bitter feud between OpenAI CEO Sam Altman and multi-hyphenate billionaire Elon Musk. Altman proudly announced his venture would be part of the initiative,