RBC Capital Markets analyst Tom Narayan remains bullish on Tesla's long-term prospects despite its declining stock price over the past year. Narayan believes Tesla is between major product waves as Model 3/Y sales plateau, awaiting a boost from an affordable $30,000 car slated for 2025. Narayan notes Tesla CEO Elon Musk thinks in terms of decades, not days or months, for the company's development. Tesla's energy storage deployments and revenue doubled in 2022 and its growth in this sector may outpace vehicles.