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Musk says his Tesla compensation was 'net negative' last year

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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.

[SINGAPORE] 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.

Mr Musk was awarded over US$517 million last year, topping Bloomberg's Pay Index, which tracks the highest paid executives in the US.

In a follow-up tweet, Mr Musk said there was a campaign being pushed by those betting against Tesla to sow "fear, uncertainty and doubt."

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