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As of Monday, Indian-born accounting chief Vaibhav Taneja, who is renowned for his aptitude with numbers, has taken over as CFO of Tesla, replacing outgoing CFO Zachary Kirkhorn. Along with serving as chief accounting officer, the 45-year-old assumes the responsibilities of the post, or the so-called “Master of Coin” title, the carmaker stated.
The new CFO of Tesla is described in these 7 ways:
- Vaibhav Taneja joined Tesla in 2017 after spending a year working for SolarCity, a Tesla-owned business that specialises in solar energy and was bought by the firm in 2016. Taneja had previously held the positions of vice president and corporate controller.
- He was instrumental in successfully integrating the accounting departments of the two businesses.
- In January 2021, Taneja was further named as a director for Tesla India Motors and Energy Private Limited, the company’s Indian subsidiary.
- He has over 20 years of accounting expertise and has held positions with international corporations in the telecommunications, technology, finance, and retail sectors.
- Taneja and prior CFOs Deepak Ahuja and Zachary Kirkhorn worked closely together to oversee US and worldwide controllership as well as quarterly profits for Tesla.
- Vaibhav Taneja, a 1996 hire at PriceWaterhouseCoopers and a degree in business from Delhi University, first created a name for himself there.
- He moved to the US from the India office and finally worked for the company for about 17 years.
In related information, senior Tesla officials from the US recently met with Union Commerce Minister Piyush Goyal in a closed-door meeting to discuss the automaker’s ambitions to set up a manufacturing facility in the nation, according to two people with direct knowledge of the situation who spoke to news agency Reuters. Tesla has shown interest in constructing a plant in India to create low-cost electric vehicles (EVs) for both the Indian market and export that would cost $24,000, or around 25% less than Tesla’s current entry model.
During their visit to India, senior public policy and business development executive Rohan Patel and vice president for supply chain Roshan Thomas also had meetings with representatives of the Invest India organisation. However, their meeting with Goyal was the most well-known since Elon Musk visited Prime Minister Narendra Modi in New York in June and afterwards stated that he was eager to make large investments in the nation.
