Trio of Tesla Investor Proposals Shows Angst Over Texas Laws (1)

Tesla’s recent reincorporation in Texas, which this year passed a suite of legislation that would cut into investor rights, spurred a batch of shareholder proposals asking the automaker to keep the status quo.

Three of eight shareholder resolutions included in Tesla Inc.‘s proxy statement are seeking to curb the effects of new Texas business laws. Gov. Greg Abbott (R) signed into law this year measures that allow companies to further limit who can file shareholder proposals and bring shareholder lawsuits.

The proposals demonstrate anxiety among investors after Tesla’s reincorporation to Texas, which is known for is looser business regulations ...