Missed connections, claims of phone theft, and a weekend at Elon's: Inside the baffling battle between rapper Azealia Banks and Tesla CEO Elon Musk

"Am considering taking Tesla private at $420. Funding secured," Musk tweeted on August 7, before issuing a formal statement on the company's website.

Tesla shares skyrocketed following the tweet, rising by as much as 12%, to over $381.

However, the tweet also plunged Tesla into intensified scrutiny. The Wall Street Journal reported on August 8 that the SEC had made an inquiry into Tesla regarding the truthfulness and motivation of Musk's tweets.

Banks told Business Insider she arrived early on Friday morning, with The New York Times confirming last week that she arrived at one of Musk's Los Angeles properties in the predawn hours.

Banks said in an Instagram DM to Business Insider on August 13 Musk seemed distracted over the weekend.

"I saw him in the kitchen tucking his tail in between his legs scrounging for investors to cover his ass after that tweet," she said. "He was stressed and red in the face."

Banks added: "He's not cute at all in person."

Banks also said that she was not trying to eavesdrop but that Musk seemed to be scrambling.

On Friday, August 10, Musk and Boucher left for Def Con, a hacking conference in Las Vegas. According to Musk and Banks, they did not see the other again for the rest of the weekend.

According to Banks, Boucher and Musk essentially went into hiding as Tesla sought funding. But, Banks said the couple kept stringing her along with the promise of collaborating on music.

"They bring me out there on the premise that we would hang and make music," Banks said to Business Insider. "But his dumbass kept tweeting and tucked his dick in between his ass cheeks once shit hit the fan."

On the evening of Sunday, August 12, the rapper posted on Instagram: "I waited around all weekend while grimes coddled her boyfriend." In another story, she wrote that "staying in Elon musks house has been like a real like episode of 'Get Out.'"

Banks told Business Insider she left Musk's property late on Sunday.

On the morning of August 13, Musk said in a statement on Tesla's website that he used the phrase "funding secured" to indicate that he believes there was "no question" that Saudi Arabia's Public Investment Fund would provide funding to convert Tesla into a private company.

Banks told Business Insider on August 13, in an article published the same day, that her perception after spending a weekend on one of Musk's properties was that Musk did not, in fact, have funding secured.

After Business Insider published its story, Musk told a Gizmodo reporter he "has never even met [Banks] or communicated with her in any way." A spokesperson for Musk offered Business Insider the same comment, but did not deny that Banks had stayed at one of Musk's properties over the weekend.

Banks disagreed with the characterization, pointing to the interaction in the kitchen.

"He lies about everything," Banks said in an Instagram DM to Business Insider on the evening of August 13.

She added: "Just like he lied about funding secured."

Banks also provided texts that appear to be from Mac Boucher, Grimes' brother and collaborator, that seem to indicate Musk attempted to meet with the rapper on August 13. Banks did not respond to follow-up inquires on if she and Musk had met.

Neither Boucher sibling responded to Business Insider's requests for comment.

In a wide-ranging interview with The New York Times, Musk finally confirms that he and Banks crossed paths on August 10.

"I saw her on Friday morning, for two seconds at about a 30-foot distance as she was leaving the house," Musk told The Times. "I'd just finished working out. She was not within hearing range. I didn’t even realize who it was. That's literally the only time I’ve ever laid eyes on her."

After a few days with little mention of Musk on Bank's social media, she posted an Instagram story that stated "Elon musk has been tapping my phone all week."

Banks reportedly additionally posted, then deleted, what appear to be messages between herself and Claire Boucher (named Grimes in Banks' phone) on her Instagram story. The messages discuss kidnapping concerns, Musk's heritage and accent, among other things.

Banks had previously told Business Insider that she had exchanged messages with Boucher about drug use, but asked for money in exchange for the screenshots. (It is against Business Insider's policy to pay sources.)

Over the weekend, Boucher and Musk unfollowed each other across a number of platforms.

"Neither follows the other on Instagram despite publicly interacting on the social media site in June, and Musk unfollowed Grimes on Twitter early Sunday," Business Insider reported.

As of Tuesday, Boucher still follows Musk and Tesla on Twitter.

Banks posted a series of cryptic messages about Musk on her Instagram on Monday evening, demanding in a series of updates that the billionaire returns her phone. She also threatened to call the police.

According to one now-deleted Instagram story, screenshotted by Cheddar anchor Hope King below, Banks claims that Musk's attorney has Banks' phone and is deleting evidence.

"It's a fucking mess I want my phone and I want to go home," Banks told Business Insider when asked for further details via Instagram DM late Monday evening Pacific Time. While Banks left Musk's house on August 10, the New York City-based rapper is still in Los Angeles.

"I'm like in tears right now," she added. "This has nothing to do with me."

Representatives for Tesla and Musk declined to comment.

Musk's Twitter account, which has more than 8 million followers, vanished early on Monday morning.

The Tesla CEO was active on Instagram until late into Monday night and Tuesday morning. Just before 1 a.m. PT, around the same time Banks was posting her Instagram stories, Musk liked a World of Engineering Instagram post.

Representatives for Tesla and Musk declined to comment.