elon musk debt

Tesla and SpaceX CEO Elon Musk reportedly told bankers that they will not lose any money after taking $13 billion in loan to fund his Twitter acquisition last year, reported the Financial Times.According to the report, despite his assurances, seven banks that lent money to Musk - Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho and Societe Generale - "are facing serious losses on the debt if and when they eventually sell it".Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Some of the banks that lent Elon Musk $13 billion to buy Twitter are preparing to book losses on the loans. Some of the banks that lent Elon Musk $13 billion to buy Twitter are preparing to book losses on the loans this quarter, but they are likely to do so in a way that it does not become a major drag on their earnings, according to three sources with direct knowledge of the situation. Banks typically sell such loans to investors at the time of the deal. But Twitter's lenders, led by Morgan Stanley, could face…