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Tesla Hires CFO, Takes Another From Detroit

Electric vehicle startup Tesla Motors has coaxed away another top tier exec from Detroit. The San Carlos, Calif.-based company has hired Ford exec Deepak Ahuja as its Chief Financial Officer, the company said late Monday. Ahuja, who moved from Michigan to Silicon Valley for the Tesla position, worked for 15 years at Ford, most recently as the controller for Ford’s small cars product development program.

This is the second exec from Detroit in as many months, as the startup looks to ramp up production of its Roadster and move its Model S into production. In July Tesla said it had hired a 24-year Chrysler exec Mike Donoughe as its EVP Vehicle Engineering and Manufacturing, to oversee the development of both the Roadster and ‘Model S’ program.

Tesla CEO Ze’ev Drori said:

“The addition of another seasoned auto industry executive to the senior management team at Tesla demonstrates that Tesla is focused on combining the best of what Detroit and Silicon Valley has to offer in building the next great American automobile company.”

Then there’s the other reason why some companies hire CFO’s. The firm could be deciding to go public some time soon; back in February, Tesla told us that an IPO could occur as early as 2009. The startup does need someway to finance all of its production plans.