Tesla (TSLA) is rolling out incentives in its key Chinese market to stave off mounting competition there. It also opened its charging network to Ford (F) vehicles this week as a new revenue stream. Shares of energy company Plug Power (PLUG) fell as fourth-quarter results missed EPS estimates. However, CEO Andy Marsh notes the company aims to return to profitability this year despite current losses. SoundHound AI (SOUN) sees its stock slide after missing revenue expectations. While SoundHound narrowed losses, sales lagged behind analyst forecasts. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
An AI-powered ecosystem may revive Apple's growth story, but a daring electric vehicle never will.
The lawyers who voided Elon Musk's $56 billion compensation as excessive are seeking a record legal fee worth $6 billion, payable in the electric car maker's stock, according to a Friday court filing. "We recognize that the requested fee is unprecedented in terms of absolute size," said the filing with the Court of Chancery in Delaware by the three law firms. The fee will be paid by Tesla to attorneys who represented Richard Tornetta, a Tesla shareholder who sued Musk in 2018 over the pay package, which a Delaware judge nixed in January.