Musk Cousin Lyndon Rive, Former SolarCity CEO, to Leave Tesla
- Tesla: ‘We wish him the very best on his next venture’
- Departure comes as Tesla prepares Model 3 sedan, solar roof
Lyndon Rive.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Lyndon Rive, the former chief executive officer of SolarCity and first cousin of Tesla Inc. CEO Elon Musk, will leave the electric automaker next month, saying he plans to start another venture.
Tesla acquired SolarCity in November for $2 billion, creating a company with more than 30,000 employees that focuses on sustainable energy and transportation. Rive’s departure comes as Tesla prepares to launch the Model 3, its more affordable electric sedan, in July. Palo Alto, California-based Tesla has several products in the pipeline, including a solar roof that Musk first unveiled last fall.