Tesla’s Indian-origin Chief Monetary Officer, Vaibhav Taneja, earned $139 million (round Rs 1,157 crore) in 2024. His pay bundle, pushed largely by inventory choices and fairness awards submit his 2023 promotion, has eclipsed the earnings of a number of high tech CEOs.
Mr Taneja’s base wage stood at $400,000 (Rs 3.33 crore), however the whole compensation far exceeded that of Microsoft CEO Satya Nadella, who earned $79.1 million (Rs 658 crore), and Alphabet Chief Sundar Pichai, who took dwelling $10.73 million (Rs 89 crore).
The 47-year-old government, who joined Tesla in 2017, benefited from a rising inventory value, up from round $250 (Rs 20,800) on the time of the award to $342 (Rs 28,400) by Might 19, 2025. Regardless of falling EV deliveries and income, Tesla’s inventory development considerably boosted its equity-based pay.
Mr Taneja’s payout now ranks among the many highest ever for a CFO, beating the earlier file of $86 million (Rs 715 crore) set by Nikola’s CFO in 2020, earlier than the corporate filed for chapter in 2024.
Who Is Vaibhav Taneja?
- Vaibhav Taneja is a Chartered Accountant. He holds a Bachelor of Commerce diploma from the College of Delhi, as per his LinkedIn.
- Mr Taneja labored at PricewaterhouseCoopers (PwC) in each India and america for 17 years (1999-2016).
- In March 2016, Mr Taneja joined SolarCity Company, a photo voltaic vitality firm. At SolarCity, he served as Vice President and later as Company Controller. Tesla acquired SolarCity in the identical 12 months, after which Mr Taneja led the profitable integration of the accounting groups of each corporations.
- He joined Tesla in 2017, beginning as Assistant Company Controller and serving as Tesla’s Company Controller in 2018. In 2019, he was promoted to Chief Accounting Officer at Tesla.
- In 2021, Vaibhav Taneja was appointed because the director of Tesla India Motors and Power Personal Restricted, Tesla’s Indian subsidiary. He was appointed Tesla’s Chief Monetary Officer (CFO) in August 2023.