Musk Says His Tesla Compensation Was `Net Negative' Last Year
Elon musk explained how he went from the highest paid executive in the U.S to getting net negative compensation from Tesla.
(Bloomberg) -- Tesla CEO Elon Musk said the compensation he received last year was “net negative” as he had paid for most of his company-related expenses, responding to a Twitter user’s comments on Wednesday.
Musk was awarded a more than $517 million option award last year, topping Bloomberg’s Pay Index, which tracked the highest paid executives in the U.S. Tesla has disputed Bloomberg’s treatment of Musk’s options in calculating his compensation.
In a follow-up tweet, Musk said there was a campaign of being pushed by those betting against Tesla to sow "fear, uncertainty and doubt."
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To contact the editors responsible for this story: Niluksi Koswanage at nkoswanage@bloomberg.net, Sebastian Tong
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