"Analysts Unfazed by Tesla's Stock Slump, Predict Further Decline and AI Server Maker as Top Buy"

RBC Capital Markets analyst Tom Narayan remains optimistic about Tesla's long-term prospects, citing the upcoming affordable car as a potential catalyst for growth. He emphasizes Elon Musk's long-term perspective and the significance of Tesla's autonomous driving and energy storage businesses. Despite differing views from other analysts, Narayan maintains a 'buy' rating on Tesla with a price target of $298. Meanwhile, Tesla's energy storage deployments and revenue have been growing significantly, and the company sees autonomous driving as a key driver of its market value.