lyndon rive

A judge has approved a US$60 million settlement for Tesla shareholders who challenged the company’s acquisition of installer SolarCity.

Australian media baron Rupert Murdoch’s son James is one of two new independent board directors at Tesla, while the EV, tech and energy storage maker confirmed that former SolarCity CTO Peter Rive is leaving the company.

Lyndon Rive, founder and former chief executive of SolarCity has announced that he is leaving Tesla, the residential solar giant’s new owners since November.

Last night, chief of Tesla and chairman of SolarCity Elon Musk put in a bid to acquire the largest residential solar installer in the US, SolarCity, which is headed by his cousins Lyndon and Peter Rive. PV Tech traces back over time for key moments that set the tone for Musk's latest grand move.