- Tesla (TSLA -1%) says SolarCity co-founder Peter Rive is leaving the company to explore new opportunities, eight months after it bought the biggest U.S. residential solar panel maker.
- SolarCity was founded by Rive and his younger brother Lyndon in 2006 with financial backing from cousin Elon Musk; Lyndon Rive announced his resignation in May.
- Peter Rive was overseeing the development of solar roof tiles, which are expected to go into production this summer.