Indian-origin Vaibhav Taneja has been named Tesla’s new Chief Monetary Officer (CFO). 45-year-old Taneja was appointed after Zachary Kirkhorn stepped down from the place. Taneja is presently additionally the Chief Accounting Officer (CAO) of the electrical automotive producer.
“Tesla thanks Mr Kirkhorn for his vital contributions. Mr Kirkhorn will,” the corporate wrote in a press release. Tesla described Kirkhorn’s 13-year-old tenure as one in all “super enlargement and progress” and mentioned that he’ll “proceed to serve Tesla via the tip of the 12 months to help a seamless transition.”
After a year-long stint at SolarCity, a photo voltaic power firm that Tesla acquired in 2016, Taneja joined Tesla in 2017. He served as vice chairman and later company controller at SolarCity.
Between July 1999 and March 2016, Taneja was employed at PricewaterhouseCoopers in each India and the US. In January 2021, he was additionally appointed as a director for Tesla’s Indian arm, Tesla India Motors and Power Non-public Restricted.
Appointing Taneja to the place can be a strategic transfer on Tesla’s half because the Delhi College graduate has over 20 years of expertise in accounting, having labored with multinational firms in know-how, finance, retail, and telecommunications.
Whereas at Tesla, he has carefully labored with former CFOs Deepak Ahuja and Zachary Kirkhorn on the corporate’s quarterly earnings, and US and worldwide controllership. Taneja, who has been serving as Tesla’s CAO since March 2019, has served as the corporate’s Company Controller from Could 2018 to March 2019.
Taneja’s appointment comes amid the carmaker’s plans to ascertain a producing plant within the nation. In India, Tesla goals to provide a low-cost electrical car (EV) priced at $24,000, round 25 per cent cheaper than Tesla’s present entry mannequin. Taneja’s monetary experience would definitely turn out to be useful in steering the corporate in the direction of reaching this purpose and extra.
Tesla is at a part, the place it seems to be to handle challenges and proceed to be a number one innovator within the realm of electrical mobility.n