Deepak Ahuja Biography and Wiki
Deepak Ahuja born Deepak Prabhu Ahuja is an Indian Born – American Financial Executive working in the automotive manufacturing industry. He is the former Chief Financial Officer for Tesla. He announced his retirement from Tesla on the Q4 2018 Tesla earnings call.
Deepak Ahuja Age and Nationality
He was born in 1963, Mumbai, India. However, the exact date of birth of Deepak is not yet known to the public. As such, it is difficult to establish his actual age or when he celebrates his birthday. Nevertheless, we are keeping tabs and will update you once this information is available. He has dual citizenship, that is, American and Indian.
Deepak Ahuja Height
He stands at a height of 6 feet tall which is equivalent to a standard height of 1.8 meters. He is a man of average stature, he also appears to be quite tall in stature in his photos. Details regarding his actual weight and other body measurements are currently not publicly available. We are keeping tabs and will update this information once it is out.
Deepak Ahuja Weight
He has an estimated weight of 78 kilograms.
Deepak Ahuja Education
Deepak holds a bachelor’s degree in ceramic engineering from the Indian Institute of Technology. He also holds a master’s degree from Robert R McCormick School of Engineering and Applied Science of Northwestern University. He had enrolled at Northwestern University in 1985, with his first-class being taught by Morris E. Fine. He also spent six years working for Kennametal near Pittsburgh and obtained a Master of Business Administration qualification from Carnegie Mellon University.
Deepak Ahuja Family
He was born and raised by his parents in Mumbai. Our efforts to find out more about his family came to no avail as no such information is publicly available. Thus, the identity of his parents is still unclear. It is also not known if he has any siblings. Nevertheless, this section will be updated as soon as it is available.
Deepak Ahuja Wife
He has not revealed his marital status yet, our efforts to find out more about his wife came to no avail as no such information is publicly available. Thus, the identity of his partner is still unclear. Nevertheless, this section will be updated as soon as it is available.
Deepak Ahuja Source of Income
According to a Forbes release on 24 October 2018, Deepak has an estimated net worth of $20.5 billion as of 2020. Ahuja announced on 17 October 2018 that he would purchase an additional $20 million of his company’s stock during the next open trading window.
The former CFO for Tesla began his career back in 1993 working with the Ford Motor Company. He became the Chief Financial Officer for the AutoAlliance International joint venture between Ford and Mazda. He held the position while in South Africa from 2003 to 2006.
He first served Tesla Motors from 2008 to 2015 as their CFO before retiring. He later joined it as the Chief Financial Officer in February 2017. In January 2019, he announced his retirement from Tesla on the Q4 2018 Tesla earnings call. He retired having served Tesla for more than 11 years.
Deepak Ahuja Verily
Deepak served as CFO for Tesla over a combined nine-plus year. With his leadership, the company realized a successful initial public offering in 2010, and in the time since he helped grow the company’s market capitalization to over $60B.
Deepak brings decades of experience to Verily’s leadership team. Prior to Tesla Deepak was at Ford Motor Company as a finance executive in various roles, including CFO for Ford Southern Africa and CFO of AutoAlliance International.
Deepak will take the reins from Duncan Welstead, who built the finance function within Verily, and led the successful completion of two capital raises totaling $1.8B from large institutional investors. Duncan will continue to oversee Verily’s financial operations and systems, reporting to Deepak.
“I am very excited to embark on this journey with the Verily team to support the vision of significantly reducing healthcare costs with a preventive approach. The healthcare industry, much like the transportation industry when I first joined Tesla, is on the cusp of a new wave of transformation.
The combination of very diverse skill sets and vertical integration of innovative technologies puts Verily in a unique position to deliver on the shared goals of many: better, less expensive care for many people,” says Deepak.
Deepak Ahuja NetApp
NetApp, Inc. (NASDAQ: NTAP) announced that Deepak Ahuja, CFO of Verily, has joined its Board of Directors. Mr. Ahuja’s appointment brings the number of directors on the NetApp board to eight, seven of whom are independent.
“I am pleased to welcome Deepak to our Board,” said George Kurian, chief executive officer. “His extensive strategic and operational expertise will provide valuable perspectives as we continue to execute our strategy, drive profitability, and enhance value for all NetApp’s shareholders. I look forward to benefiting from his experience.”
“As a seasoned CFO, Deepak’s knowledge of complex financial matters at high growth companies will be an excellent resource for our management team, “said NetApp’s Chairman Mike Nevens. “His experience complements the board’s capabilities and we are excited to welcome him on to our board.”
“I am honored to join the board of a leader of data services for hybrid multi-cloud,” said Deepak Ahuja. “I look forward to working alongside my fellow Board members and company management to advance NetApp’s compelling vision.”
Deepak Ahuja News
Tesla CFO Deepak Ahuja Leaves Company Following Automaker’s Ambitious Promises
Tesla’s chief financial officer Deepak Ahuja has left the company following the automaker’s promises on Wednesday to make less expensive Model 3 sedans, start vehicle production in Shanghai’s new Gigafactory, and increase profits this year, Reuters reports.
Ahuja’s departure and Tesla’s inability to reach projected profits for the end of 2018 led to company shares dropping by nearly six percent. The former CFO will be replaced by Tesla’s vice president of finance, Zack Kirkhorn.
The ambitious young automaker laid off seven percent of its workforce this month, with CEO Elon Musk pointing toward an imperative need to cut costs in order to stay on target of Tesla’s long-term goals. The billionaire was adamant about this particular reasoning during a conference call with analysts.
“We have to be relentless about costs in order to make affordable cars and not go bankrupt,” he said.
While Musk mentioned strong demand for the company’s Model 3 and is eager to supply customers across Europe and Asia, it expressed concern regarding the logistics of global deliveries from its Fremont, California factory.
The automaker remains publicly optimistic that it can post a profit in the first quarter of this year, and said it intends on lowering the price of the Model 3 if completion of its new Gigafactory in Shanghai is done sooner, rather than later. The goal here is to produce half a million vehicles per year by the second quarter of 2020 — a goal originally set for 2018.
As it stands, the Shanghai Gigafactory will produce 3,000 Model 3s per week. Fremont, meanwhile, will increase production to 7,000 Model 3s per week by the end of the year. At least, that’s the company’s current goal.
“Bottom line is we need the Shanghai factory to achieve that 10,000 rates and have the cars be affordable,” said Musk. “The demand for Model 3 is insanely high. The inhibitor is affordability.”
To his point, the least expensive available Model 3 currently costs $44,000, with Musk setting his sights on offering the originally planned $35,000 price point by mid-2019. Then again, this was a self-described “rough guess.”
If you’re doubting Tesla’s ability to stay afloat financially, you’re not alone. Equity Analyst at Hargreaves Lansdown, Nicholas Hyett, for instance, considers 2019 to be the year that clarifies the automaker’s abilities to survive.
“Tesla has a fantastic brand, and by all accounts a fantastic product, but we’re worried it’s also fantastically expensive,” he said. “2019 could prove a make-or-break year.”
Ultimately, we’ll have to track the company’s progress on several existing fronts: operational costs, Gigafactory completion, and the stock market’s subsequent confidence in the company itself. Though Tesla made $311.5 million net profit in the third quarter of last year, that number dropped to $139.5 million in the fourth — when regulatory credits stopped bolstering its figures.
On the other hand, 2018 did conclude relatively successfully for Tesla, as the latter half of the year remained profitable. As it stands, all we can do is wait.
Frequently Asked Questions About Deepak Ahuja
Who is Deepak Ahuja?
He is an Indian born American financial executive working in the automotive manufacturing industry. He is most well known for being the former CFO of Tesla.
How old is Deepak Ahuja?
He is an American National born in 1963, Mumbai, India.
How tall is Deepak Ahuja?
He stands at a height of 6 feet tall which is equivalent to a standard height of 1.8 meters.
Is Deepak Ahuja married?
He has not revealed his marital status yet, our efforts to find out more about his wife came to no avail as no such information is publicly available. Thus, the identity of his partner is still unclear. Nevertheless, this section will be updated as soon as it is available.
How much is Deepak Ahuja worth?
Ahuja owns over 2,667 units of NetApp stock worth over $1,349,173 and over the last 10 years, he sold NTAP stock worth over $1,202,110.
How much does Deepak Ahuja make?
Deepak Ahuja made $176,870 in total compensation. Of this total $176,870 was received as a salary.
Where does Deepak live?
Because of security reasons, he has not shared his precise location of residence. We will immediately update this information if we get the location and images of his/her house.
Is Deepak dead or alive?
He is alive and in good health. There have been no reports of him being sick or having any health-related issues.
Where is Deepak Now?
He is serving as a Chief Financial Officer (CFO) who will provide his extensive strategic and operational expertise to help build the future of the company, Verily.
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