Tesla Inc. executive Lyndon Rive announced his departure Monday from the business he led with his cousin and company Chief Executive Elon Musk.
Rive, 40, was CEO of SolarCity before the rooftop solar giant merged with its sister company, Tesla Motors, in November. Rive created SolarCity in 2006. His most recent role was vice president of Tesla’s energy division.
The announcement of Rive’s departure comes just days after Tesla began taking orders for its new solar product — solar shingles that will replace the boxy panels that attach to roofs.
Rive told Reuters he plans to start another company.
Palo Alto-based Tesla said in a statement: “Lyndon Rive co-founded...