Thursday, 22 June, 2017

Tesla's solar roof set to transform roofing, solar business

Jeannie Matthews | 17 May, 2017, 01:35

The SolarCity and Tesla exec told Reuters in an interview Monday he would be leaving his post as head of sales and service at Tesla's energy arm. Rive, 40, said SolarCity was "healthier than it's ever been", and the time had come for him to move on.

Rive told Reuters that he's more interested in "starting and running companies", but it's also true that Tesla has changed its strategy regarding installations on homes, which definitely impacts Rive's original vision of providing a means to get to low-priced, widespread distribution of aftermarket installations for everyday people.

Rive set up SolarCity 11 years ago with his brother, Peter, who was the firm's chief technology officer. Since previous year, SolarCity's former CEO had been serving as head of sales and service for Tesla's energy division.

Musk said the two companies belonged together because they share a common vision - a world fueled by renewable energy - and leadership.

Lyndon Rive is Musk's cousin and one of the two co-founders of SolarCity, the solar panel company that Tesla bought previous year.

Wolverine Goes Black and White in Logan Noir Trailer
It will be exciting to see where she goes next, both in the X-Men world and films in general. "I went home and I had bruises all over my arm".

Tech-heavy EV maker and energy storage vendor Tesla purchased SolarCity, comfortably one of the US' top three solar installers, for around US$2.6 billion past year.

Under Tesla, SolarCity has slowed installations and focused on the most profitable projects that generate cash upfront.

After a record-breaking year for the solar market, the total global installed base of operational PV systems surpassed 300 gigawatts. Tesla said the takeover would create a unique energy company that could power both your home and your vehicle.

Something tells us whatever company Rive starts will once again end up being generously subsidized by taxpayers. We'll just repeat our question from almost a year ago when we discussed the Tesla-Solarcity merger, and concluded that "we wonder if 22nd Century investors will be warned of "Musk Schemes"?"

Tesla's next flagship product, the second model of the Palo Alto's electric SUV, the Tesla Model Y, will also be the second mass production vehicle of the brand after the Model 3, the production version of which is expected in July.

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