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Tesla CFO Vaibhav Taneja's $139 Million 2024 Pay Raises Governance Concerns

The record-breaking compensation comes as Tesla faces a steep sales decline, legal challenges over Musk’s pay, and questions about executive oversight.

Vaibhav Taneja
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Vaibhav Taneja has significantly increased his earnings since becoming Tesla's CFO in 2023,

Overview

  • Vaibhav Taneja, Tesla’s CFO since 2023, received $139 million in total compensation in 2024, the highest ever for a finance chief since records began in 2006.
  • Taneja’s pay, driven by stock options and equity awards, far surpasses the salaries of tech leaders like Microsoft’s Satya Nadella ($79.1 million) and Alphabet’s Sundar Pichai ($10.73 million).
  • Tesla reported a 13% drop in vehicle deliveries in Q1 2025, marking its largest sales decline since 2012, amid political backlash and leadership controversies.
  • A Delaware court blocked Elon Musk’s $56 billion pay package, citing concerns over fairness and board independence, prompting Tesla to form a special committee to review his compensation.
  • Taneja, with a background at SolarCity and Tesla since 2017, is also leading the company’s efforts to expand into the Indian market.