Elon Musk’s Tesla looks set to launch its own music streaming service

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Tesla, the luxury car manufacturer run by multi-billionaire Elon Musk, is poised to launch its own rival to the likes of Spotify and Apple Music.

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.

According to Midia Research, Spotify and Apple claimed an approximate 64% market share of global streaming subscribers last year.

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

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  • bubba60609

    Is this venture going to be government subsidized with taxpayer money as well? Does this guy use any of his own $$$ – ever?

    • srbmckenzie

      Oh dear. You come across as quite stupid with comments demonstrating such naivety. As for the subsidies – look at the money given to the fossil fuel and car industries. Makes what is spent on clean energy seem like a drop in the ocean. Then again, facts clearly aren’t your forte are they?

    • Tony Chamberlist

      What the f#$k are you talking about? So tired of nutty and uninformed commentary…

    • Blake Harrison

      I wish. Finally get some value out of my tax dollars. Can I get a refund for the GM bailout now that they are a dinosaur car company that literally runs on dead dinosaurs?

  • Flea Fan 420

    As long as they have some good bands (RHCP), I’ll pay a few bux a month for some HQ Audio!!! Thanks Ellone! 🙂

  • Tony Chamberlist

    Can Elon Musk bridge the ethical divide and start advocating for artists and composers (and other primary stakeholders), ensuring that they get properly compensated? Apple and Spotify are actively moving the other direction in that regard….

  • Mad Jack

    cool… maybe he can start paying the proper royalty revenue to the songwriters