(Bloomberg) -- Elon Musk’s bankers are considering providing the billionaire with new margin loans backed by Tesla Inc. stock to replace some of the high-interest debt he layered on Twitter Inc., according to people with knowledge of the matter.Most Read from BloombergPutin Calls Russian Nukes Deterrent Factor, Says War Risk RisingPeru’s President Accused of Coup After Move to Dissolve CongressMusk Spars With San Francisco Over Probe of Bedrooms at TwitterWhy Did So Many US Men Quit Working? Soc
Billionaire has already fired thousands of employees at the San Francisco-based comapn he bought for $44bn
Wall Street's main indexes struggled for direction on growing fears that the Federal Reserve's monetary policy tightening could trigger a recession and hit corporate earnings, while Apple and Tesla were the biggest drags on the Nasdaq. The benchmark S&P 500 fell for the fifth straight session on Wednesday.