Morgan Stanley, one of Wall Street’s biggest banks, is warning that Tesla’s stock price has been hurt by Elon Musk’s Twitter spat and that the electric car maker is still at risk, CNBC and Markets Insider reported.

A new report released by the investment bank surveyed Musk’s Twitter investors on all fronts and their impact on the automaker’s stock price, as well as the business itself.

“Our survey supports the view that Elon Musk’s recent involvement on Twitter has contributed to the bearish trend in Tesla shares and may be somewhat distasteful to Tesla’s fundamentals,” said analyst Adam Jonas, who wrote the report.

Nearly 75% of respondents said they believed the Twitter situation had a significant impact on Tesla’s disastrous stock market performance.

Tesla has lost more than half of its market capitalization in the past 12 months, and its share price has fallen 25% since Musk announced in late October that he was closing in on his takeover of Twitter.

In absolute terms, Tesla’s market capitalization has fallen by $150 billion in just one month, while the drop over the past year is more than $600 billion.

Serial scandals for Elon Musk after taking over Twitter

Although the overall situation in the US stock market is not at all favorable for technology companies, the S&P 500 index, which also includes Tesla, is up 3% since October 28th.

Perhaps an even more troubling result is that a Morgan Stanley poll found that 65% of respondents said the Twitter situation would have a “negative or slightly negative effect” on Tesla’s future.

But despite negative feedback from investors, Morgan Stanley still sees Tesla stock as an opportunity.

After months of public disputes over the completion of the Twitter purchase, layoffs following the company’s takeover, the reinstatement of banned accounts, including former President Donald Trump’s, and more, Musk recently clashed with Apple over the presence of the Twitter app in the App Store.