Urgent clarification, Musk denies reports of Wall Street banks selling loans of X Corp

Elon Musk urgently refuted rumors, denying reports about Wall Street banks selling loans to X Corp and the company's struggle to break even. According to reports, sources claimed that Wall Street banks were preparing to sell billions of dollars in debt related to the social media platform X Corp. Bankers from Morgan Stanley have been in contact with investors, planning to sell up to $3 billion in X Corp debt next week. In addition to Morgan Stanley, debt holders also include institutions such as Bank of America and Barclays. It is reported that these banks hope to sell the senior debt at 90% to 95% of its face value but will retain the lower-tier debt. They have recently sold about $1 billion in debt to several investors through private transactions. Insiders stated that investors have been in touch with the banks, expressing interest in purchasing X debt, as they believe the company's financial situation is moving in a positive direction. However, in an email sent to employees in January, Musk mentioned that X Corp's financial situation still had issues. He stated, "Our user growth has stagnated, is unsatisfactory, and we are barely profitable." In response, Musk stated on X on Saturday that the report was false and that he had not sent such an email