Multiple factors have converged to drive down the price of Tesla stock by 50% since December. Here's how investors can manage their portfolios’ volatility.

"It's become clear he's now spending more time on DOGE than anything else," said one analyst of Elon Musk.

Tesla shares dropped more than 15% on Monday, making it the worst performer in the S&P 500 Index. Tesla’s stock has dropped by nearly half in three months. Even so, investors are still debating whether Elon Musk’s electric-vehicle maker remains overpriced.