Vaibhav Taneja is an Indian-American accountant who was appointed as Tesla’s new chief financial officer (CFO) on August 7, 2023.
Wiki/Biography
Vaibhav Taneja was born in India in 1978 (age 45 in 2023). From 1996 to 1999, he studied Bachelor of Commerce at Delhi University. He also studied as a Chartered Accountant with the Institute of Chartered Accountants of India from 1997 to 2000.
appearance
Height (approximately): 5′ 9″
Hair color: black
Eye color: black
family
Parents and siblings
There is not much information about his family.
wife and children
His marital status is unknown.
Profession
Before joining Tesla, he made significant contributions to a tax consulting firm called PricewaterhouseCoopers (PwC) in India and the United States. He worked for the company from July 1999 to March 2016, gaining a solid foundation in financial methods and regulations. This knowledge now supports him in his current leadership role. He started working with PricewaterhouseCoopers (PwC) India in July 1999 as an Assistant Manager. In this role, he oversees the financial affairs of growing businesses in the telecommunications, entertainment, media and financial industries. He handles complex financial issues, provides solutions, and clarifies accounting topics. He advises clients on improved accounting methods. In November 2003, he was promoted to senior manager. In December 2003, he became a senior manager with PricewaterhouseCoopers in San Jose, California. He works with large and medium-sized companies to review documents such as Forms 10-K, 10-Q, S-1, S-3 and S-4 to ensure they comply with U.S. financial rules. He has handled complex situations such as determining when revenue should be recognized, managing convertible debt, handling corporate acquisitions, evaluating financial issues, and handling the issuance of stock to employees. He left PwC in March 2016. In March 2016, he started working at SolarCity Corporation, which makes solar panels and was later acquired by Tesla. From March 2016 to August 2016, he served as vice president, in charge of accounting business. Subsequently, he served as vice president and corporate financial controller from August 2016 to February 2017. While at SolarCity, he held various finance and accounting positions, demonstrating his ability to handle a variety of tasks in an ever-changing business environment.
Tesla
Taneja joined Tesla in February 2017 as assistant corporate controller. He held this job for nearly a year. In May 2018, he was promoted to the company’s financial director. In March 2019, he became the chief accounting officer (CAO) of Tesla in the San Francisco Bay Area. He is responsible for financial reporting, taxes and controlling Tesla’s financial affairs. In August 2023, Tesla announced that after Zachary Kirkhorn resigned, Taneja would serve as the new chief financial officer (CFO).
net worth
As of 2023, his net worth is $42.9 million.
Facts/Trivia
- Taneja has over 17 years of experience working with large international companies in the technology, retail and telecommunications sectors.
- According to multiple sources, the selection of Taneja as CFO is not only a smart move, but also reflects his outstanding performance and capabilities in the company. Taneja’s financial expertise helps guide the company’s financial choices as it faces the challenges of the ever-changing electric vehicle landscape. After Taneja was appointed to manage the capital affairs, Tesla aims to embrace new opportunities, solve problems and maintain its leadership in the electric vehicle market.
- In 2019, when he became Tesla’s chief accounting officer (CAO), he received stock options worth $6 million and restricted stock units worth $2 million. The grants were awarded to him gradually over four years.
- He owns more than 4,000 shares of Tesla stock worth more than $27 million. In the four years since 2019, he has sold Tesla stock for more than $15 million. Since 2019, he has been involved in more than 38 transactions related to Tesla stock. On July 7, 2023, he purchased 4,000 shares of Tesla stock worth $72,880. His largest trade occurred on June 9, 2023, when he used 12,000 shares of Tesla stock worth more than $218,640. Since 2019, he has traded an average of about 3,166 shares every 38 days. As of July 7, 2023, he owned approximately 108,504 Tesla shares.
Categories: Biography
Source: HIS Education