OptionMonster's Jon Najarian wasn't buying it.
"I don't know why you wouldn't love this stock," he said. "Look, in May the sales were down, the car sales were down about 15 percent. What's wrong with that? Or a 95 forward P/E. Or the fact this they lose about 30 percent on every car. What's not to like?"
On CNBC, Najarian said that the one good number was in the short interest, around 24 percent.
(Read More: Duking it Out Over Tesla Motors)
"You look at the volumes of trade here, too, 37 million shares in one day," he said. "I believe there were 14 out of the 20 days in May that this thing traded north of 15 million."
Tesla shares gained 3.45 percent to close at $97.73.
Stuart Frankel's Steve Grasso argued that perception has made Tesla stock hot