Tesla is undergoing a critical transformation. With the construction of a new factory in Mexico and the impending release of the Cybertruck pickup, the company is facing competition in the growing electric vehicle (EV) market. To maintain its leading position, Tesla has been reducing prices across its lineup, which has impacted its profitability.
Pranav Taneja, who began his career in New Delhi, is a pivotal figure in Tesla’s accounting and financial operations. He graduated with a bachelor’s degree in commerce from Delhi University in 1999 and then spent nearly 17 years at PricewaterhouseCoopers, an accounting firm that has worked closely with Tesla for a while.
In 2016, Taneja joined SolarCity, where he eventually became the corporate controller. Tesla later acquired SolarCity, leading to legal action from shareholders who accused Elon Musk and Tesla’s board of concealing SolarCity’s financial problems.
After joining Tesla in May 2018 as the corporate controller, Taneja assumed the role of chief accounting officer in March 2019. His predecessor, Dave Morton, had previously left Seagate Technology Plc to join Tesla but resigned after less than a month.
As of July 7, Taneja owned approximately 105,000 shares of Tesla, currently valued at around $26 million, based on Bloomberg’s data.
With the addition of Taneja, Tesla now has four executive officers: Elon Musk, the CEO; Drew Baglino, the senior vice president of powertrain and energy engineering; Tom Zhu, the senior vice president of automotive; and Pranav Taneja.
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
