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Tesla ( TSLA ) shares gained Tuesday, after losing more than 15% of their value a day earlier.

The Elon Musk -led electric vehicle company’s stock was up nearly 5% to $232.70 intraday, making back a small fraction of what it’s lost amid an extended sell-off since President Trump took office. The stock is on pace to fall for the eighth consecutive week, even after the uptick on Tuesday.

Tesla's stock price had surged to a record close of $479.86 about a month after Trump’s election victory, but since Musk started working in the cost-cutting Department of Government Efficiency in January, the EV maker's shares have lost almost half their value. Recent losses have come amid worries about slowing sales in China and declining registrations in Europe, as well as widespread market uncertainty about tariffs.

However, Tesla’s precipitous slide could be an opportunity for investors to buy low , analysts at Morgan Stanley told clients Monday. The analysts reiterated a price target of $430, calling Tesla its “top pick” among U.S. automakers, bolstered by artificial intelligence and robotics potential. The consensus price target for Tesla stock is about $366 among analysts who follow Tesla and are tracked by Visible Alpha.

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