SolarCity founder Lyndon Rive is leaving Tesla in June

40-year old Rive who grew an empire dedicated to advancing US households towards the adoption of solar systems, will focus his time on growing a new company that could "have another impact".

Lyndon Rive, who founded the much-maligned solar panel company with his brother Peter in 2006, told reporters Monday that he is leaving the massive electric auto producer to create his own company.

Rive has served as head of sales and services for Tesla since a year ago. "My skill set and what I love doing is starting and running companies", Rive said. CEO Elon Musk, the largest individual shareholder of Tesla, proposing that it buys SolarCity, where he served as chairman and also the largest shareholder.

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Tesla Inc. executive Lyndon Rive announced his departure Monday from the business he helped create with his cousin and company founder Elon Musk.

Cal Lankton, Tesla's vice president of global infrastructure operations, will take on an expanded role as head of sales and operations for energy products, the company said. I can hand off the baton to somebody else and give myself the opportunity to do something else that could also have another impact.

Since Tesla acquired SolarCity in November 2016, there's been a gradual integration of the solar installer into Tesla, which included some significant layoffs and restructuring.

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Rive's duties will be distributed among Tesla leadership, the automaker said. Tesla could be raising more capital for a successful launch of the Model 3 electric sedan. But given that SolarCity was burning through about the same amount of cash as Tesla at the time, despite being one-tenth the size, raised some eyebrows.

Analysts have argued for several months that last year's Tesla-SolarCity merger is hurting the Silicon Valley auto maker's valuation on the market. This comes in stark contrast to SolarCity's previous goal of casting a wide net on solar installations, aiming to expand its solar footprint "at any cost". Tesla said the takeover would create a unique energy company that could power both your home and your vehicle. Tesla investors criticized the merger at the time, complaining that incestual connections within the merger were ethically problematic.

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