Tesla an 'extremely overvalued stock' -analyst

STORY: Tesla Inc lost $126 billion in value on Tuesday amid investor concerns that Musk may have to sell shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter.

Trainer also said the valuations of megacaps such as Tesla will come down as the Federal Reserve tightens monetary policy.

"The days of easy money - virtually unlimited amounts of money - are over," said Trainer. "When money is more dear, people are more careful with what they do with it."

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