Tesla’s board takes more heat over Elon Musk succession planning

Tesla’s board of directors is facing mounting pressure to prove just how prepared they are for the potential loss of Elon Musk, the chief executive officer largely behind the breakneck rise and dramatic fall in the company’s valuation.

Karen Róbertsdóttir, a shareholder in Reykjavik, Iceland, has submitted a resolution for Tesla investors to vote in May on whether the board should prepare and maintain a key-person risk report. Several other shareholders who wanted to put forward proposals — at least one of which also pertained to Musk — are frustrated with how the company disclosed plans to hold its annual meeting months earlier than in recent years, sparing the directors from even more heat.