New Delhi :
In a significant move, American electric vehicle manufacturer Tesla has appointed Indian-origin Vaibhav Taneja as its Chief Financial Officer (CFO), recognizing his aptitude for financial management.
Here’s a closer look at some notable aspects of Tesla’s new CFO:
1) Journey to Tesla: Vaibhav Taneja joined Tesla in 2017, having previously served as the Vice President of SolarCity, a subsidiary of Tesla.
His role transitioned to Corporate Controller after Tesla’s acquisition of SolarCity in 2016.
2) Effective Integration: Taneja successfully led the integration of the accounting teams from both Tesla and SolarCity, streamlining financial operations.
3) Tesla India Involvement: He was appointed as a director of Tesla India Motors and Energy Private Limited in January 2021, highlighting his role in steering Tesla’s activities in India.
4) Decades of Expertise: With over two decades of experience in the accounting field, Taneja has worked across diverse sectors,
including technology, finance, retail, and telecommunications, contributing to his comprehensive skillset.
5) Collaborative Stints: Taneja closely collaborated with former Tesla CFOs, Deepak Ahuja and Zachary Kirkhorn, on crucial matters such as quarterly results and financial strategies.
6) Educational Background: Taneja earned his commerce degree from Delhi University. He initially gained recognition at PriceWaterhouseCoopers, where he began his professional journey in 1996.
7) Path to America: His career took him to the United States after making a mark at the company’s India office. Impressively, he has dedicated nearly 17 years to Tesla.
Amid these developments, reports have surfaced about a meeting between Union Minister Piyush Goyal and senior American Tesla executives.
The discussions reportedly centered on plans to establish a manufacturing plant in India, reflecting Tesla’s keen interest in producing cost-effective electric vehicles priced at $24,000.
This endeavor, if realized, could contribute to the growth of the electric vehicle sector in India.
Tesla’s Senior Public Policy and Business Executive, Rohan Patel, and Vice President of Supply Chain, Roshan Thomas,
also engaged with Invest India executives during their visit, further solidifying Tesla’s endeavors on the Indian soil.