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Tesla's New CFO Now Has Two Jobs And A Lot Of Question Marks

Tesla's New CFO Now Has Two Jobs And A Lot Of Question Marks

NDTV
Wednesday, August 09, 2023 02:47:57 AM UTC

Tesla's new chief financial officer, Vaibhav Taneja, already has a hefty gig serving as the company's chief accounting officer.

Tesla Inc. has a long history of promoting talent from within. Outside hires don't last for very long in the carmaker's scrappy, hard-charging culture, and it takes a certain stamina to work for Elon Musk.

Tesla's new chief financial officer, Vaibhav Taneja, already has a hefty gig serving as the company's chief accounting officer. Tesla watchers were surprised to hear Monday that he was replacing Zach Kirkhorn, a 13-year Tesla veteran who abruptly stepped down from the CFO post.

While Kirkhorn has been a calm, steady presence and regularly spoke at length with investors, even playing the role of Musk's surrogate the time he skipped Tesla's earnings presentation, Taneja is less well-known. He worked for Tesla's accounting firm and later at SolarCity, a troubled company many investors wish the EV maker hadn't acquired. He has spoken briefly on just one Tesla earnings call, back in early 2019.

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