Despite recent setbacks, one analyst is optimistic about Tesla Inc (NASDAQ:TSLA) and has projected a substantial upside for the company’s stock. What Happened: The stock of the electric vehicle (EV) giant, led by Elon Musk, has experienced a 14.5% decline over the past year. This trend continued on Tuesday when Tesla reported lower-than-expected vehicle deliveries for the first quarter of 2024, reported CNBC. Despite this, RBC Capital Markets analyst Tom Narayan remains bullish on Tesla. He pointed out that the stock is only down 4.5% and believes that expectations are already quite low on CNB…