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. Rive, who took over sales and service responsibilities for Tesla’s energy division, which swallowed SolarCity after the merger, told Reuters in an interview that he wanted to start a new company and spend time with his family. Lyndon Rive and his brother, Peter Rive, founded SolarCity with help from Musk in 2006, and ran the company independently until Tesla agreed to acquire it last year for $2.6 billion. Tesla is now integrating the company and planning to launch a new solar roof offering that will eventually be built at a factory SolarCity was building in upstate New York. Tesla, which fell 2.8% to $315.88 Monday after a downgrade from one of its biggest bulls, did not immediately respond to an email seeking to confirm the Reuters report. Tesla told Reuters that Peter Rive remains with the company, focused on the solar roof, and Lyndon Rive’s duties would be spread among other company executives.
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