After nearly doubling in value between Nov. 5 and Dec. 17 to hit $488 per share and give the electric vehicle maker a $1.6 trillion market cap, TSLA stock has lost more than half its value. 24/7 Wall St.

Tesla (NASDAQ:TSLA) shares took a brutal hit on Monday, nosediving nearly 15% — marking their worst single-day drop in over four years. The

Tesla was named the "Top Pick" for U.S. auto firms by Morgan Stanley, which pointed to the EV maker's moves into AI and robotics.