Tesla CFO earns staggering $139 million compensation package

Tesla financing head received a salary package of more than most executives.

Last year, the payment package at Vaibhav Taneja achieved more than $ 139 million, which was linked to stock options and stock prizes, according to an organizational report. The number of the total compensation said that a handful of CEOs in the largest companies by revenue was taken at home, according to Equilar.

The Equilal’s Equilar 100 report includes the largest paid packages granted to the US -based executives in the United States, which includes more than a billion dollars in revenues that provided the agent for the fiscal year 2023 by April 30, 2024.

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

Taneja has been working with the electric car maker a long time before the appointment of his financial manager in August 2023. Taneja has worked as a senior accounting staff since March 2019, such as corporate observer from May 2018 and as an assistant corporate observer between February and May 2018.

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According to an organizational report at the end of April, the Tesla Council formed a special committee “to consider some compensation issues” for its Supreme president, Elon Musk, who recently announced that he had no plans to step down as a leader of the electric car industry.

Vaibhav Taneja was with the electric car maker a long time before his financial manager was appointed in August 2023. (Reuters photos / Ally Song / Reuters)

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“Yes, there is absolutely no doubt,” Mousse said, in response to a question about his continuous period as an executive president in Tesla.

He was asked if he intended to stay in Tesla as an executive president over the next five years and whether he has any doubts about this.

“Well, no, unless I die,” Musk replied with a laugh. “I cannot be the CEO if it dies.”

The role of Musk as the leader of the Ministry of Governmental efficiency (DOGE) has sparked fears between some investors about the MUSK concentration on Tesla, as well as his other works such as Spacex and Xai, which contributed to a segment in the Tesla shares along with the gentle demand on EVS.

As of Tuesday, the company’s shares have decreased by more than 13 % so far. In addition, for the first time in more than 10 years, global delivery operations decreased in the first quarter.

The auto industry company announced in April that the delivery operations in the first quarter have decreased by 13 % amid the slowdown of consumers’ demand for electric cars (EVS) and the controversy surrounding the participation of political musk in the Trump administration.

Eric Rafeel in Fox Business contributed to this report.