LiveOne Stock Price Seeing 15% Pre-Market Pop
LiveOne’s stock (NASDAQ: LVO) was a notable gainer on Monday, adding 23.5% on the day, and the momentum seems to be carrying through into this morning’s pre-market session, with further gains of 15.65%.
The stock’s surge is attributed to a substantial increase in the subscriber base due to a renewed partnership with automaker Tesla. This collaboration has resulted in nearly 100,000 new subscribers, bringing the total subscriber count to 450,000.
Tesla (NASDAQ: TSLA) recently ended its offering of free premium music streaming services to many owners, leading to a shift requiring a subscription to LiveOne. This strategic move enables Tesla vehicle owners to either subscribe to LiveOne’s services or opt for an ad-supported tier.
LiveOne…
