Lyndon Rive, founder and former chief executive of SolarCity has announced that he is leaving Tesla, the residential solar giant's new owners since November.
Musk served as SolarCity chairman before Tesla bought out SolarCity for $2.6 billion a year ago.
Lyndon Rive, the chief executive and co-founder of SolarCity, will leave Tesla Inc in June, less than a year after his solar-power firm was acquired by his cousin, Elon Musk, according to a Monday report.
Cal Lankton, Tesla's vice president of global infrastructure operations, will take on an expanded role as head of sales and operations for energy products, the company said.
40-year old Rive who grew an empire dedicated to advancing US households towards the adoption of solar systems, will focus his time on growing a new company that could "have another impact".
In the end Musk won, the deal was concluded, and Lyndon Rive's reputation of commanding a melting - and massively cash burning ice cube - was saved. Rive, 40, said SolarCity was "healthier than it's ever been", and the time had come for him to move on.
And No, She Wasn't Hacked!
The video took the Internet by storm and some people even assumed that her Instagram account got hacked . "All love", she added in the caption for a photo of a field of flowers.
"Thanks in large part to the foundation Lyndon helped create, Tesla has now built the world's first integrated sustainable energy company, from generation to storage to transportation", the automaker said. " However, under the much bigger Tesla balance sheet, SolarCity's financial problems were quickly diluted, if not forgotten".
Although more solar power was brought online nationwide past year than any other source of electricity, the number of rooftop solar installations - the focus of residential and business customers - grew 19% compared with 2015. News of his departure comes only days after the EV maker started taking orders for its new solar product: solar shingles.
Rive's responsibilities will be distributed among Tesla leadership, Tesla said.
"I can hand off the baton to somebody else and give myself the opportunity to do something else that could also have another impact", he said. We'll just repeat our question from almost a year ago when we discussed the Tesla-Solarcity merger, and concluded that "we wonder if 22nd Century investors will be warned of "Musk Schemes"?"