Wall Street banks are gearing up to sell off up to $3 billion in debt tied to Elon Musk’s acquisition of X (formerly Twitter). Morgan Stanley

Elon Musk’s backing of Donald Trump could become an extraordinary act of self-sabotage as Wall Street banks have predicted Tesla sales to rise more slowly than he expected, the Financial Times reported.

The richest man in the world, Elon Musk, recently sent letters to the employees of X, stressing that investing in the company hardly brings any results, judging by the captions of the American media.

In a recent internal email to employees, Elon Musk, CEO of X, acknowledged the platform's ongoing financial challenges.

According to an internal email sent by Elon Musk to employees, X is 'barely breaking even,' citing stagnant user growth and underwhelming revenue

Gaming is a big part of the billionaire’s public persona. But other players are questioning whether he has the time or the skill to be as accomplished as he claims.

Hollywood icon Morgan Freeman said in a 2016 interview that he owned Tesla stock. A $10,000 holding then would be worth over $300,000 now.

The Wall Street Journal reports that banks are planning to sell part of the $13 billion in debt they gave Musk to buy Twitter.

Banks who helped finance the $44 billion Twitter buyout are ready to sell their debt for 90 to 95 cents on the dollar according to a new report.

The Wall Street Journal reports banks are close to selling some of the $13 billion in debt they took on while helping Musk buy Twitter in 2022.

Elon Musk has admitted to the financial woes of his social media platform X. In an email to employees this month, Musk said that X is barely breaking even amid stagnant user growth and unimpressive revenue.