Wall Street isn't buying Elon Musk's spin on Twitter helping Tesla

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Wall Street isn't buying Elon Musk's spin on Twitter helping Tesla
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Elon Musk says his Twitter misadventure has only helped Tesla. Wall Street isn't buying it.

. Tesla took hits on its margins due in part to the price cuts it performed on its vehicle lineup, and from the expansion of its Nevada factories.

John Murphy at Bank of America considers Musk's"regular media updates on Twitter" a headwind for the stock because it serves"as a distraction for TSLA management." All in all, however, Murphy believes the company sits at a fair valuation and took a neutral position on the stock.

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