Elon Musk gives CFO Vaibhav Taneja charge of Tesla and politics — ₹1,100 crore salary, ‘No IIT-IIM tag, but unbeatable’

Nancy Jaiswal | Jul 25, 2025, 16:35 IST
( Image credit : Indiatimes )
Vaibhav Taneja, Tesla’s CFO and Director at Tesla India, is now also the treasurer of Elon Musk’s new political outfit — the America Party. Earning ₹1,100 crore annually, the Indian-origin CA’s career spans PwC, SolarCity, and Tesla’s top ranks.
Vaibhav Taneja, an Indian-origin chartered accountant, plays a central role in managing Elon Musk’s growing financial empire. Currently Tesla’s Chief Financial Officer (CFO), he now has an additional title — treasurer and custodian of records for Musk’s newly announced political venture, the America Party. Despite not being from the traditional IIT-IIM circuit, Taneja earns a massive ₹1,100 crore annually, according to The Wall Street Journal.

Handles political finances too now

A recent Financial Express report confirmed that Taneja has officially taken charge of finances for the America Party. In this role, he will be responsible for supervising political funding, budget distribution, and ensuring compliance with financial laws. This marks a significant shift from his existing role in corporate finance to the political space. Musk, who has consistently trusted Taneja with high-level responsibilities, has now extended that trust into the political arena.

From Delhi university to Tesla’s top office

Taneja began his journey in finance at Delhi University, graduating in commerce in 1999 and qualifying as a chartered accountant a year later. In 2006, he moved to the United States and became a Certified Public Accountant (CPA), a move that widened his global financial career.

He spent nearly 17 years at PricewaterhouseCoopers (PwC), where he handled regulatory filings, financial operations, and IPOs for over 500 clients. His entry into the renewable energy sector came in 2016 with SolarCity — a company later absorbed into Tesla.

Rs 1,100 crore in 2024, mostly from stock awards

Taneja joined Tesla in 2017 and steadily rose through its ranks, becoming CFO in 2023. In 2024, he earned $139.5 million (around ₹1,157 crore), though his base salary was only $400,000. The rest of his compensation came from stock options and equity awards. He also serves as a Director at Tesla India Motors and Energy Pvt. Ltd., where he has contributed significantly to Tesla’s India strategies.

With his new role in the America Party, Taneja is not just managing Tesla’s numbers but also becoming a key figure in Musk’s political ambitions.




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