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.

On President Trump’s first day in office, Elon Musk already has a coveted White House email address. A source tells The Hill that Musk, the billionaire who will head up the Department

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

Musk reportedly wrote, "we've witnessed the power of X in shaping national conversations and outcomes... [but] our user growth is stagnant [and] revenue is unimpressive."

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.