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

With SpaceX shares soaring 20 percent on their first day of trading, the world’s richest person crossed another milestone — one with 13 digits.

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 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.

© Rebecca Cook/Reuters

The Iran war is pushing countries to prioritize domestic energy in order to protect themselves from volatile oil and natural gas markets.

The Iran war is pushing countries to prioritize domestic energy in order to protect themselves from volatile oil and natural gas markets.

© Jes Aznar for The New York Times

California truckers have expressed strong interest in the Tesla Semi because it costs much less and can travel further on a charge than electric trucks sold by established manufacturers.

A House transportation bill introduced this week would require owners of electric cars to pay $130 to cover the cost of road repairs.

© Maddie McGarvey for The New York Times