Morgan Stanley was stuck with billions of dollars of unloved debt tied to Elon Musk’s controversial 2022 buyout of social-media platform Twitter Inc. It took one election and a billionaire bromance to flip the script.

Federal agencies have offered exits to millions of employees and tested the prowess of engineers — just like when Elon Musk bought Twitter. The similarities have been uncanny.

Banks are preparing to sell off debt used to help Elon Musk purchase X as the tech tycoon tells employees the company is “barely breaking even.” According to reporting from The Wall Street Journal, bankers at Morgan Stanley are planning to offload roughly $3bn in debt during a sale next week and are already contacting investors.

The other tidbit that seems to have investors very excited is Musk’s promise that the company’s Cybercab Robotaxi, which we saw at a preview event last year, will go into volume production and start a paid passenger-carrying service in Austin, Texas, in June 2025. No additional detail on the service, or the vehicle itself, was provided beyond that.

A group of banks led by Morgan Stanley is preparing to sell as much as $3 billion of senior debt tied to Elon Musk’s buyout of X, the social media platform formerly known as Twitter, according to people with knowledge of the matter.

The billionaire and his Silicon Valley associates landed in the capital and immediately moved to cut the size of the federal government, reprising the playbook he used after buying Twitter in 2022.

Bankers are reportedly gearing up to offload debt used to fund Elon Musk’s social network, for which he paid $44 billion in 2022, including $13 billion in

Tesla's earnings report and call Wednesday shed light on the electric vehicle maker's plans for new versions of its self-driving software and its humanoid robot, Optimus.

Coverage and analysis of electric vehicle maker Tesla's fourth-quarter financial results, Q&A call, and the stock's reaction.

(Reuters) - Michael Grimes, a technology banker with Morgan Stanley, is in talks to leave the bank for a position in U.S. President Donald Trump's administration, the Wall Street Journal reported on Wednesday, citing people familiar with the discussions.

Wall Street banks, including Morgan Stanley (NYSE:MS), Bank of America, and Barclays (LON:BARC), are gearing up to sell a substantial portion of debt holdings in X, the social-media platform controlled by Elon Musk,