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Tesla loses executive from major acquisition

Less than one year. That is how long Tesla managed to hang on to the founder of the company's major acquisition from 2016. SolarCity's founder and former CEO wants to spend more time with his family.

Photo: TESLA

Yet another key figure is parting ways with Tesla, reports Reuters. The media has revealed that Lyndon Rive, founder and former CEO of SolarCity, is now leaving Tesla.

SolarCity was acquired by Tesla in 2016 for USD 2.6 billion. The takeover of the company, which manufactures solar panels integrated in roof tiles and which is behind Tesla's newly launched solar panel solution for private properties, garnered significant attention as it meant more hardship for Tesla's strained line of debt.

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