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0 -0.00300838290968095 -0.00297458085451593 -0.0237966468361276 -0.0278109789075177 -0.0118983234180639 -0.0296106003244998 -0.0690914007571661
Stock impact report

Tesla Remixes The Tune: LiveOne Shares Dip After Partnership Changes And Slashed Revenue Guidance [Yahoo! Finance]

LiveOne, Inc. (LVO) 
Company Research Source: Yahoo! Finance
LiveOne renewed its partnership with the EV behemoth through May 2026. Effective today, Tesla replaced its streaming button with LiveOne's in perpetuity. The company also announced the launch of its LiveOne 2.0, for subscribers access to music on all devices. About 1.9 million subscribers can convert to Premium/Plus services. As of Dec 1, 2024, Tesla will no longer subsidize LiveOne products to some of its customers. However, LiveOne will offer all Tesla customers discounted LiveOne music packages, the company said. “The conversion opportunity has enormous upside by offering Tesla owners an opportunity to upgrade and have access on all devices at discounted priority pricing,” said Robert Ellin, CEO of LiveOne. Tesla will continue to pay LiveOne monthly for grandfathered users in perpetuity. “We'll drive growth, unlock new revenue streams, own our data, and increase ARPU. To be conservative, due to the timing of our conversion rate, we are adjusting FY2025 revenue guidance t Show less Read more
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