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Tesla CFO earns $ 139m compensation package


Major finance of Tesla Got a salary package that was more than most of the main officers.

According to a regulatory filing, Vaibhav Taneja’s pay package earned over $ 139 million last year, which was associated with the stock option and equity awards. This figure assumed the total compensation that the Revenue took a handful of CEOs in the largest companies by revenue, according to the equiller.

Equaller’s Equiller 100 reports include the largest pay package provided to CEOs of US-based or listed companies with more than $ 1 billion revenue, which had recorded proxy statements for financial year 2023 by April 30, 2024.

Musk says that he will remain the CEO of Tesla in the coming years

Taneja has been with the electric-car manufacturer long before being appointed as its CFO in August 2023. Taneja served as a corporate controller from March 2019 to May 2018 and as Assistant Corporate Controller from February 2017 and May 2018 as his Chief Accounts Officer.

Tesla vehicles are displayed at a Tesla store in Palo Alto, California. (Yichuan Cao / Nurphoto Getty Image / Getty Image)

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According to a regulatory filing at the end of April, Tesla’s board has formed a special committee to “consider certain compensation cases” for its top owner Elon Musk, who recently announced that he had no plans to step into as a leader of the leader. Electric car manufacturer,

Vaibhav Taneja has been with the electric-car manufacturer long before being appointed as his CFO in August 2023. (Reuters / Ellie Songs / Reuters Photos)

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“Yes, there is no doubt about this,” Musk said in response to a question about his continuous tenure as Tesla’s CEO.

He was asked if he plans to live as CEO in Tesla for the next five years and whether he had any doubt about it.

“Okay, no, until I die,” Kasturi responded laughing. “If I am dead then I can’t be a CEO.”

Langer Security Last Change Change %
TSLA Tesla Inc. 343.82 +1.73

+0.51%

The role of Musk as the leader of the Department of Government Efficiency (Dog)) The Tesla has expressed concern among some investors about his other businesses like SpaceX and XE along with Musk’s attention on Tesla, who contributed to a slide to Tesla’s stock with soft demand for EVS.

Till Tuesday, the company’s stock has slipped more than 13% till date. Additionally, for the first time in more than 10 years, global vehicle delivery also fell in the first quarter.

The automaker announced in April that its delivery fell 13% in the first quarter amidst the disputes around the consumer’s demand for electric vehicles (EVS) and the political participation of Musk in the Trump administration.

Fox Business’ Eric Revell contributed to this report.



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