Throughout the first quarter, markets braced for more bad news from the electric vehicle giant, Tesla (TSLA). On April 2, the stock traded as low as $164 before ending at $166.63. Tesla delivered 386,810 vehicles in the first quarter. Supply exceeds weak demand, as the production of 433,371 units would add to the firm’s inventory. It blamed the volume decline partly on the production ramping up for its updated Model 3. Additionally, factories closed due to the arson attack at the Gigafactory in Berlin. The reasons do not explain the supply glut.For Q2, Tesla raised vehicle prices by $1,000…