Tesla Inc (NASDAQ:TSLA)’s first quarter revenue rose 81% to $18.8bn, well beyond market expectations, reflecting an 87% increase in Automotive revenue to $16.9bn and a 31% increase in regulatory credits. Operating income rose from $594m to $3.6bn. A 68% increase in vehicle deliveries as well as higher average selling prices were behind the surge, with regulatory credit sales and the benefits of scale also helping. This more than offset the impact of inflationary headwinds and a 15% rise in operating expenses to $1.9bn. Q1 2022 hedge fund letters, conferences and more Vehicle production rose 69…