Simply saying Tesla stock is down 15% this year doesn't do justice to the wild ride it's been on.Shares were up 28% in February before rebounding 23% in May.Tariffs, slowing vehicle sales, and Musk's political dealings have been primarily responsible for the volatility.

To Morganlander's point, there remains a large disconnect between Tesla's valuation and its fundamentals. It extends beyond the stock's revenue multiple, including its lofty forward price to earnings multiple of 178 times. The S&P 500 ( ^GSPC) trades at roughly 21 times.

Tesla Inc (NASDAQ:TSLA) shares are putting the pedal to the floor in Monday's regular trading session following the company's robotaxi launch in Austin, Texas.