VAIBHAV TANEJA
Tesla unlikely to make in India, will focus only on imports: All you need to know
The government is gearing up to invite formal applications under its new flagship policy, Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI). The scheme promises a reduced import duty of 15% from the current 70% for automakers that invest at least $486 million in local manufacturing.
TCS CEO’s pay hike; L Catterton’s India fund
IT major TCS paid Rs 26.5 crore in remuneration to CEO and MD K Krithivasan in FY25. This and more in today’s ETtech Top 5.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
The Nu Cool belongs to who pays most
Vaibhav Taneja, Tesla's CFO, earned a significant amount in 2024. This highlights Tesla's approach to valuing talent through high compensation. Company reputations are increasingly tied to employee compensation. Paying workers well is becoming a sign of extraordinariness. Companies should focus on offering better salaries and benefits. High salaries for all employees should be the ultimate company goal.
Who is Vaibhav Taneja? The Tesla CFO who out-earned Pichai and Nadella
Vaibhav Taneja, Tesla's CFO, has garnered attention with his substantial $139 million pay package for 2024, surpassing the earnings of tech leaders like Satya Nadella and Sundar Pichai. While his base salary is $400,000, the majority of his compensation comes from stock options and equity.
Tesla, Taneja, and a tepid IT quarter
Happy Thursday! Tesla’s finance chief Vaibhav Taneja is now one of the highest-paid executives in the tech world. This and more in today’s ETtech Morning Dispatch.
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Who is Elon Musk's CFO Vaibhav Taneja? All about ex-Delhi University student who earns more than Satya Nadella, Sundar Pichai
Vaibhav Taneja, Tesla's CFO, received a $139.5 million pay package in 2024. This is one of the highest for a CFO. Stock options and equity awards made up the majority of it. Taneja's journey began at Delhi University. He worked at PwC and SolarCity. He climbed Tesla's ranks after the SolarCity merger. His compensation exceeds those of top tech leaders.
The Rs 1,200 crore paycheck mystery: How this Indian-origin CFO out-earned Sundar Pichai and Satya Nadella
In a year marked by tech cutbacks and waning EV sales, Tesla CFO Vaibhav Taneja quietly shattered salary records, earning a jaw-dropping $139 million in 2024. As Elon Musk took home nothing, Taneja’s rise—from Delhi classrooms to Silicon Valley stardom—has stunned corporate circles. From his Indian roots to Tesla’s top ranks, his story is shaking up pay scales and power narratives worldwide.
Musk took leased cars back so Tesla could use them as "robotaxis." Instead, Tesla sold them
Tesla ended its policy prohibiting U.S. customers from buying their leased vehicles, a practice started in 2019 under the guise of a future robotaxi network. Despite Elon Musk's promises, the robotaxis never materialized. Tesla instead profited by upgrading off-lease cars with features like "Full Self-Driving" and reselling them at higher prices, misleading lessees and potentially inflating the company's stock value.
Tesla to resume shipping Chinese parts for Cybercab, Semi production in the US, source says
Following a tariff truce between the U.S. and China, Tesla plans to ship components from China to the U.S. for Cybercab and Semi truck production, starting this month. This move reverses a previous suspension caused by increased U.S. tariffs, potentially disrupting Tesla's mass production plans.
Tesla's Model Y a flop? Investors express disappointment over Elon Musk's EV for two key reasons
Tesla's Model Y refresh faces weak demand despite attractive financing deals like 0% interest, raising concerns about sales. Increased competition, customer aversion to Elon Musk's politics, and readily available inventory contribute to the slowdown. Tesla is pressured to launch cheaper models amid declining sales and revised growth forecasts, with analysts anticipating further delivery drops this year.
Is Tesla ready to break up with Elon Musk? Inside the high-stakes search for his successor
As speculation grows over Elon Musk’s future at Tesla, investors and insiders hint at what it would take to fill his shoes. With the board reportedly exploring CEO successors, names like JB Straubel and Tom Zhu surface, but many say Musk is irreplaceable. Could Tesla soon witness its most dramatic leadership shift yet? Here's what we know.
Tesla shares jump 5% as Musk promises to focus on co after 71% drop in Q1 profit
Tesla investors breathed a sigh of relief after CEO Elon Musk said he would refocus his attention on the electric automaker, but that promise did not entirely dispel worries that his right-wing shift had irrevocably damaged the company's brand.
Elon Musk plans to bow out from government role as Tesla profits dive 71% in first quarter
Tesla’s profits plunged 71% in the first quarter of 2025 amid rising global protests against CEO Elon Musk’s involvement with the Trump administration. Musk announced he would scale back time spent on government work and refocus on Tesla and his other businesses. Tariff tensions and political uncertainty added to the company’s challenges, while deliveries declined and revenue missed expectations. Tesla’s hopes now rest on a promised affordable EV and the upcoming launch of robotaxis, despite ongoing concerns over safety and regulation.
Elon Musk's Tesla calls India a 'hot market' but says 100% car tariffs is making customers 'anxious'
Tesla is worried about India's high import taxes on cars. These taxes make Tesla cars twice as expensive, concerning potential buyers. Vaibhav Taneja mentioned India as a 'very hot market'. Tesla is carefully considering the right time to enter India. Elon Musk plans to visit India to discuss technology and innovation. Previous plans for a $2-3 billion investment were cancelled.
Another Tesla insider bails! Elon Musk ally James Murdoch dumps $13 million in Tesla stock as company suffers historic single-day plunge
James Murdoch, a Tesla board member, sold shares worth $13.2 million, causing the company's stock to suffer its biggest one-day drop since September 2020. His move followed other Tesla insiders' stock sales. Retail investors are trying to stabilize Tesla’s stock by encouraging others to hold on to their shares, fearing further declines.
After board chair, now Tesla's CFO Vaibhav Taneja sells $8 million worth of company's shares amid stock price volatility and market jitters
Tesla faces ongoing financial issues with CFO Vaibhav Taneja and other insiders selling significant amounts of stock. This follows production setbacks and declining sales in Germany. The stock has seen a notable decline. Retail investors are concerned about frequent stock sales by senior leadership, perceiving it as misuse of the company stock.
Tesla’s profitability at its cars division falls to 5-year low, is its auto business rusting away?
Tesla’s stock rose due to optimism surrounding Elon Musk’s AI and robotics ventures, despite ongoing challenges in the auto business.
Impressive: Elon Musk reacts on list of Indian-Origin CEOs
Indian-origin executives are rocking the business world as they are holding top positions in the top companies and the list is growing.
Data bill cleared in Rajya Sabha, soon to be law; Tata Digital revenue up 13 times in FY23
The Digital Personal Data Protection Bill is a step away from becoming law following its passage in the Rajya Sabha on Wednesday. The Lok Sabha had cleared it on Monday by a voice vote. This and more in today’s ETtech Top 5.
Tesla announces key leadership change as Vaibhav Taneja takes on dual role; here's what you need to know about him
Vaibhav Taneja, Tesla's current Chief Accounting Officer, will assume the dual role of Chief Accounting Officer and Chief Financial Officer. The change comes following the departure of Zachary Kirkhorn, who served as finance chief for four years. Taneja joined Tesla in 2017 following the acquisition of SolarCity, where he played a significant role in integrating the accounting teams of both companies. Taneja's background includes 17 years at PwC, and his appointment to the dual roles comes as Tesla reported a 20% surge in Q2 profits but a decline in year-on-year profit margins.
Who is Vaibhav Taneja the new CFO of Tesla?
Indian-origin Vaibhan Taneja appointed Tesla's new CFO as Kirhorn steps down.
The meteoric rise of Tesla's new CFO Vaibhav Taneja
On Monday, Tesla named Taneja, an alumnus of Delhi University, after Zachery Kirkhorn, who was famously described as 'Master of Coin' by founder Elon Musk, stepped down following a 13-year stint at the company. The 45-year-old's appointment comes at a time when Tesla is reviving its plans to enter India, where Musk in June said the company was looking to invest "as soon as humanly possible".
Who is Vaibhav Taneja, the Indian-origin CFO at Elon Musk’s Tesla?
Elon Musk's electric car maker Tesla has named Indian-origin Vaibhav Taneja as its next Chief Financial Officer (CFO) after Zachary Kirkhorn stepped down.
US stock market: Dow Jones, S&P 500 regain ground as US inflation report nears
U.S. stocks have sharply rallied in 2023, with the benchmark S&P 500 rising 17.7% this year, fueled by optimism around artificial intelligence and hopes of a soft landing for the world's largest economy.
Tesla names insider Vaibhav Taneja CFO as Zachary Kirkhorn steps down
His departure has raised concerns about a succession plan at the world's most valuable automaker led by Musk, who also holds key roles at SpaceX and X social media, formerly known as Twitter.
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