5 reasons why a Tesla music-streaming service is the best idea Elon Musk has had this year

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Tesla Model 3

REUTERS/Joe White/File Photo

A Tesla Model 3 sedan.

Last week, Tesla revealed that it's working on a music-streaming service for its vehicles (and presumably, other environments, such as smartphones).

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The service is as-yet unnamed, but we're going to suggest "Tesla Tunes" over "Tesla Music." Regardless of what it ends up being called - and whether Musk, evidently a fan of classic rap and hip-hop as well as certain Rolling Stones numbers, hosts his own show - it is one of the best ideas the company has had in a while.

The streaming service concept follows on the heels of some questionable ideas, chief among them the 2016 acquisition of SolarCity, which loaded up Tesla's balance sheet with debt and created a transportation-and-energy conglomerate that's now difficult to accurately value.

Here's a breakdown of the brilliance of Tesla Tunes:

Get the latest Tesla stock price here.

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