Hi,
I am hazarding a guess that the drive has failed.
What is the devices age and as Cory asked was the ssd original?
As a foot note for Yosemite this would have been you reinstall route before getting to the disk selection.
A) Boot from your Recovery HD partition by restarting your Mac while holding down the Command+R keys.
The OS X Utilities window appears. Select Reinstall OS X, and click Continue. The OS X Yosemite splash screen appears. Click Continue.
A sheet appears informing you that your computer’s eligibility needs to be verified by Apple. Click Continue to begin the process of installing or reinstalling OS X.
B) If you’re not connected to the Internet, you’ll be asked to choose a Wi-Fi network from the AirPort menu in the top-right corner.
The Yosemite software license agreement screen appears. Read it and click Agree.
A sheet drops down, asking whether you agree to the terms of the license agreement. Yes, you did just click Agree; this time you’re being asked to confirm that you indeed clicked the Agree button.
If you don’t click Agree, you can’t go any farther.