The best way to test the ‘Musk Magic’ premium may be to give Elon Musk everything he wants

How resilient is this company? When it comes to running Tesla, the board appears to believe that there can be only one person in charge. As Tesla chair Robyn Denholm argued in her note to shareholders: “Elon singularly possesses the leadership characteristics and technical manufacturing know-how” to take Tesla to the next level. But being perceived as indispensable is a double-edged sword for any leader—and board. While it may underscore a leader’s star power, it also suggests that the loss of that leader could mean the loss of the company, too.

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