The CFO of Tesla Mr. Deepak Ahuja to retire this year.
A part of the several announcements Tesla Motors Inc. made during their annual stakeholders meeting that was recently held at the Computer History Museum situated in Mountain View California, Mr. Elon Musk, the chief executive officer of the firm reported that Deepak Ahuja the chief financial officer of Tesla will be retiring this year.
Mr. Ahuja is one of the most prominent figures for Tesla Motors that has been associated with the company since the start. He has seen the company progress and has also helped them to undergo various rounds of funding along with initial public offering (IPO) in 2010.
Mr. Musk mentioned in a comment, “Together, we overcame the challenges of the early days at Tesla.” He further added, "As our first CFO, he guided us through several investment rounds, led the effort to take Tesla public, helped us become a strong business based on solid gross margins, and built a very strong finance team."
During Mr. Ahuja’s tenure, Tesla has grown from a styumbling company that was underfinanced into a massive brand that is highly valued in the electric car industry. In a short time, the company has developed the potential to compete with industry giants like BMW and Audi.
Despite the company has been dealing with financial constraints, but even them they are able to keep pace with the growth targets which deal with expansion of their product range that will allow them to manufacture three electric cars in FY17. Moreover, the storage batteries will again be a massive breakthrough for them considering the industry prospects.
Mr. Musk acknowledged the services of this veteran and in order to pay homage to this Mr. Ahuja, the CEO invited him on stage to thank him personally and appreciated him for being around during thick and thin.
But the company will not let go of Mr. Ahuja like this until they find someone who can take his legacy forward. Mr. Ahuja was delighted on Mr. Musk’s king words and gestures and summed up his experience as “nonstop adrenaline rush”. He stated that the company is more of a child to him and letting go is not easy, but then again he has other things on his agenda too.
Hence, the departure of Mr. Ahuja is a major setback to the company but it's all in good spirits and his efforts will always be remembered by the electric car giant. The company will continue to progress and carry forward is agenda.
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