Indian-origin Vaibhav Taneja named treasurer of Elon Musk's America Party

Indian-origin Vaibhav Taneja has been named as the treasurer of Elon Musk's America Party. The paperwork to create the America Party was filed on Sunday, with Elon Musk declaring the formation of the party to challenge the two-party system in US politics. This move came after Musk's disagreement with President Donald Trump and the GOP over a legislative bill.

According to the Federal Election Commission (FEC) form, the America Party is headquartered at 1 Rocker Road, Hawthorne, with Elon Musk listed as the sole candidate. Vaibhav Taneja, the Chief Financial Officer (CFO) of Tesla, is mentioned as the custodian of records and treasurer, with a Texas address provided.

Taneja, who became Tesla's CFO in August 2023, has been instrumental in the company's financial operations. Prior to joining Tesla, he worked at PricewaterhouseCoopers (PwC) for 17 years in India and the United States. With a commerce degree from Delhi University and a chartered accountant certification, Taneja is one of the few Indian-origin CFOs in a major American tech firm.

The announcement of Taneja's role in the America Party sparked controversy on social media, with some dubbing it the 'H-1B party' due to Musk's support for the H-1B visa program. Taneja's high earnings as Tesla's CFO in 2024, surpassing those of other tech executives, also garnered attention.

According to the source: Times of India.