That’s according to tech site Recode, whose sources suggest that Tesla has already held discussions with major labels regarding licensing deals for a prospective music streaming service.
Tesla is reportedly looking at launching multiple tiers of pricing, starting with a ‘Pandora-like web radio offering’.
The company sold under 100,000 cars last year, but has attracted around 400,000 pre-orders for its new Model 3 vehicle.
South Africa-born entrepreneur Elon Musk (pictured) has an estimated net worth in excess of $15bn.
Spotify revealed earlier this month that it now has more than 140m active monthly users, of which around 53m are believed to be paying subs.Music Business Worldwide