Tesla reportedly wants to create its own music streaming service
REUTERS/Beck Diefenbach
Tesla CEO Elon Musk is in talks with major labels about creating a streaming service that would come bundled in all Tesla vehicles, according to the report.
It's an interesting strategy, considering Tesla could simply opt to offer pre-existing services like Spotify, Apple Music, or Pandora. Tesla CEO Elon Musk hinted he wanted to explore music streaming options during a June meeting with shareholders, saying it's difficult to find good playlists or good matching algorithm.
Either way, the concept of an automaker offering a monthly, subscription service isn't really new. General Motors already does so through OnStar, which provides features like diagnostics, crisis assist, and even a data plan for a monthly fee.
A music-streaming service could simply be the start of Tesla offering its own subscription-based services. In the meantime, we hope Musk has plans for his own playlist or channel.
Get the latest Tesla stock price here.
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