Vaibhav Taneja Age, Wife, Family, Biography & More

Some Lesser Known Facts About Vaibhav Taneja

• Vaibhav Taneja is an Indian-American accountant who was appointed as the new Chief Financial Officer (CFO) of Tesla on 7 August 2023.

• Taneja has over 17 years of working experience with big international companies in areas like technology, retail, and telecommunications.

• Before joining Tesla, he made many contributions to a Tax consultant company PricewaterhouseCoopers (PwC) across both India and the United States. He worked at the organization from July 1999 to March 2016 where he learned a strong base in money-related methods and rules which helps him in his current leadership role as well.

• In July 1999, he joined PricewaterhouseCoopers (PwC), India as an assistant manager. His role as an assistant manager included handling checks on various fast-growing businesses and covering industries like telecom, entertainment, media, and financial services, of different sizes. He also looked into, solved, and explained complicated money-related problems, including reporting and complex accounting topics. He gave clients advice and guidance on making their accounting methods better. In November 2003, he was promoted to the position of senior manager.

• He started working as a senior manager at PricewaterhouseCoopers, San Jose, California in December 2003. He used to work with mid-cap to large-cap clients and reviewed Forms 10-K, Forms 10 Q, Form S-1, S-3, and S-4 and ensured their compliance with US GAAP. He also dealt with intricate matters involving various aspects such as recognizing income, offering convertible debt, handling acquisitions, assessing impairment, compensating with stocks, evaluating fair value, and financial difficulties like bankruptcy and starting anew. He quit his job at PwC in March 2016.

• In March 2016, he joined SolarCity Corporation, San Mateo, California, a solar panel development company acquired by Tesla in 2016. From March 2016 to August 2016, he was the vice president of accounting operations. In August 2016, he became the vice president and corporate controller and worked there till February 2017. During his tenure at SolarCity, Taneja held diverse roles in finance and accounting, exhibiting his versatility and adaptability in a dynamic corporate landscape.

• Taneja joined Tesla in February 2017 as an assistant corporate controller. He worked in the position for almost one year. In May 2018, he was promoted to the position of corporate controller. In March 2019, he was given the position of Chief Accounting Officer (CAO) of Tesla, San Francisco Bay Area. He used to handle domains of financial reporting, tax compliance, and internal controls, underscoring his pivotal role in upholding Tesla’s fiscal integrity. In August 2023, Tesla announced that Taneja was appointed as its Chief Financial Officer (CFO) after Zachary Kirkhorn stepped down from the position.

• According to various reports, choosing Taneja as the CFO was not just a strategic choice, but also shows how well he has performed and how skilled he is at the company. As Tesla deals with the complexities of the fast-changing electric vehicle industry, Taneja’s financial leadership helps in guiding the company’s money-related decisions. The company plans on taking new chances, tackle problems, and keep being a leader in electric vehicles after Taneja was chosen to handle the finances.

• When he became the Chief Accounting Officer (CAO) of Tesla in 2019, he received a stock option grant of $6 million and a restricted stock unit grant of $2 million, which was vested over four years.

• He owns over 4,000 units of Tesla Inc stock worth over $27,283,331 and over the last 4 years since 2019, he sold TSLA stock worth over $15,632,159. Since 2019, he has done more than 38 transactions involving Tesla Inc stock. On 7 July 2023, he bought 4,000 shares of TSLA stock worth $72,880. Reportedly, his biggest deal was when he used 12,000 units of Tesla Inc stock on 9 June 2023, which was valued at more than $218,640. On average, he makes transactions involving around 3,166 units every 38 days since 2019. As of 7 July 2023, he has around 108,504 units of Tesla Inc stock in his possession.