She made some shocking allegations about Musk and his song writer girlfriend Grimes, aka Claire Boucher on her Instagram story.
"I waited around all weekend while Grimes coddled her boyfriend for being too stupid to know not to go on Twitter while on acid", she alleged.
In Instagram DMs with the publication, Banks said that Musk was "scrounging for investors" after tweeting out that he planned to take Tesla private and that he had funding "secured". "Staying at Elon Musk's house has been like a real life episode of Get Out", she wrote.
In response to this, Musk told the tech website Gizmodo in private messages that he "has never met [Banks] or communicated with her in any way".
Tesla declined to comment on Banks' claims about Musk looking for investors.
Grimes has not responded.
They would not confirm whether or not Banks had spent the weekend at one of his homes.More news: 5 states sign pact for shared use of Caspian Sea
'They bring me out there on the premise that we would hang and make music, ' Banks said.
As the updates continued, Banks' frustration with her hosts turned to personal insults, as she labelled Grimes - a singer she'd previously publicly expressed admiration for - a "dirty-sneaker-inbred-out of the woods" and dubbed Musk a "trash ass beta male". "But his dumbass kept tweeting and tucked his d*ck in between his ass cheeks once sh*t hit the fan".
The "stupidity" Banks was referring to may have been Musk's announcement of plans to take his electric auto company Tesla private. Banks went on to speculate that Musk and Grimes relationship started "All because he needed a date to the met gala to hide his shrinking dick from Amber Heard". "He was stressed and red in the face". Banks, of course, live-blogged about it on her Instagram story, and it's a bumpy ride.
Banks says Musk was panicked after his Tuesday tweet, when he announced he was considering taking the firm private at $420 per share, adding that funding was 'secured'.
In less dramatic Grimes collab news, she'll be appearing on a new track from Mindless Self Indulgence's Jimmy Urine this fall.
Recently, Musk's tweets have included saying Tesla will start selling "short shorts" as merch, as well as thigh-high sockboots and thigh high socks with pockets for lipliner and cards.
Banks has a history of making bold and sometimes unverified claims.
"I could run Tesla better than he does".