Solar City co-founder Peter Rive leaving Tesla

Peter Rive, a Solar City co-founder who was leading Tesla Inc.’s solar roof effort, is leaving the company, according to a report late Tuesday. Greentech Media first reported Rive’s departure, which was confirmed by Tesla. Rive is Tesla CEO Elon Musk’s cousin, and Rive’s brother, Lyndon — who was CEO of Solar City — left Tesla in May. Tesla acquired the solar company last year for $2.6 billion. Peter Rive was chief technology officer at Solar City and played a key role in developing Tesla’s solar roof, which Tesla started taking orders for in May. A Tesla spokesperson said Rive’s responsibilities will be spread around Tesla’s existing engineering teams.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply