Some shareholders might object, but there is little they could do, legal experts say.

Investors who bought the automaker’s shares in its initial public offering became rich. As a result, many have a deep faith in Elon Musk, the chief executive of Tesla and SpaceX.

The carmaker will follow Tesla in making components for large batteries used by electric utilities, data centers and other businesses to handle fluctuations in power supply and demand.

The billionaire has stated many plans for his businesses, but has delivered only some of what he said he would, when he said he would, according to a Times analysis.