It makes sense for Sister Mu to buy and open a position at $190. The rebound to 250 is only a matter of time

$Tesla(TSLA.US)$ Despite Tesla's share price continuing to fall, RBC Capital Markets (RBC Capital Markets) analyst Tom Narayan (Tom Narayan) is still optimistic about the electric vehicle giant's long-term prospects.

Narayan believes that Tesla is currently in between two waves. The Model 3 and Model Y are basically saturated, and the company is waiting for the next major boost from its affordable models, which are expected to sell for less than 30,000 US dollars. The analyst said Tesla's new car is expected to be put into production in the second half of 2025.

In an interview on Thursday, he said, “Elon doesn't think about things by day or month; he looks at things from the perspective of a year or even decades. Ultimately, we'll get this catalyst in the next generation of cars.”

RBC reiterated Tesla's rating as a “buy” with a target price of $298. Narayan added, “There are some long-term structural issues that people don't talk about. People like me will start writing reports, which will eventually arouse people's interest.