 "Vaibhav Taneja, the Indian-origin executive and Tesla’s Chief Financial Officer, stunned many by earning a staggering $139 million in 2024. Image courtesy: LinkedIn/@VaibhavTaneja")
In a year when tech giants were tightening their belts and trimming expenses, Vaibhav Taneja, the Indian-origin executive and Tesla’s Chief Financial Officer, stunned many by earning a staggering $139 million in 2024.
While his base salary was a modest $400,000, the figure skyrocketed thanks to stock options and equity awards granted following his promotion. That lucrative compensation package placed him above some of the biggest names in tech, including Microsoft CEO Satya Nadella and Google’s Sundar Pichai, according to The Washington Post.
A filing with the US Securities and Exchange Commission revealed that Microsoft Chairman and CEO Satya Nadella took home $79.106 million in 2024. In comparison, Alphabet’s 2025 Proxy Statement reported that Pichai earned $10.73 million for the year.
But it’s not just the size of the paycheck that’s turning heads. As The Telegraph notes, Taneja’s earnings are believed to mark the highest pay for a finance chief in decades.
So, who exactly is Vaibhav Taneja, and why is his pay package generating so much buzz? Here’s everything you need to know.
Who is Vaibhav Taneja?
-Born and raised in India, Vaibhav Taneja is a commerce graduate from Delhi University. He went on to qualify as a Chartered Accountant from the Institute of Chartered Accountants of India in 2000 and later earned his Certified Public Accountant (CPA) credential in 2006.
-Taneja began his professional journey with consultancy firm PricewaterhouseCoopers (PwC), where he spent 17 years working between India and the US. His career took a significant turn in 2016 when he joined SolarCity, the solar energy firm that was eventually acquired by Tesla .
-In 2017, following the acquisition, Taneja joined Tesla as Corporate Controller. His rise within the company was swift as by 2019, he was named Chief Accounting Officer, and in 2023, he took over as Tesla’s Chief Financial Officer, taking charge of the company’s global financial operations.
-Now 47, Taneja has been serving as CFO for over two years and has also been instrumental in Tesla’s India plans. In January 2021, he was appointed as a director for Tesla India Motors and Energy Private Limited, the company’s official Indian subsidiary.
-With more than two decades of experience spanning finance, accounting, and global corporate operations, Taneja is now seen as a crucial player in shaping Tesla’s financial direction and international growth.
Why is Taneja’s paycheck creating so much buzz?
Vaibhav Taneja’s massive $139 million pay package is raising eyebrows not just because of the amount, but also because of the timing.
Tesla is currently navigating a challenging phase. The electric vehicle (EV) industry is under pressure, with slowing demand, tightening margins, and mounting competition. For Tesla, 2024 has been particularly tough — in the first quarter alone, the company reported a 13 per cent drop in deliveries and a staggering 71 per cent fall in net profit.
Adding to the turbulence, Tesla’s public image has been hit by controversies surrounding CEO Elon Musk . His conduct, particularly while overseeing the Department of Government Efficiency (Doge) during the Trump administration, has sparked backlash, affecting investor confidence and customer sentiment.
It’s against this backdrop that Taneja’s soaring compensation is making headlines. According to The Telegraph, his earnings are among the highest recorded for a Chief Financial Officer in decades.
What also makes this stand out is the contrast with Musk’s own pay. The Tesla CEO continues to draw no salary from the company, even as it faces its steepest annual sales decline since 2012. Meanwhile, Taneja’s compensation is seen as a sign of how vital his role has become in steering the company through uncertain waters.
There’s also broader scrutiny of Tesla’s executive compensation practices. Taneja’s earnings come at a time when Musk is appealing a Delaware court ruling that voided his $56 billion pay package, once the largest in corporate history. Musk maintains that the payout was well-earned, crediting it with fuelling Tesla’s meteoric rise in the EV and renewable energy sectors.
As Tesla navigates criticism, market instability, and strategic pivots, Taneja’s mammoth compensation package is seen as both a reward and a responsibility.
With input from agencies