‘Embarrassing:’ Elon Musk Reacts to Tesla Being Pitted Against Rivian on Operating Expenses

Elon Musk, founder and chief engineer of SpaceX, speaks at the 2020 Satellite Conference and Exhibition in Washington, on March 9, 2020. Win McNamee/Getty Images

Tesla Inc. CEO Elon Musk on Wednesday said the electric vehicle company’s operating expense is “embarrassingly high.”

What Happened

The billionaire entrepreneur was reacting to a Twitter post that compared Tesla’s first-quarter operating expenses with that of Rivian Automotive Inc.’s from its fourth quarter.