Elon “Tony Stark” Musk has his fingers in everything: electric cars, the Hyperloop, battery technology, space rocketry. So why not add a streaming service to the mix?
According to Recode, Tesla has had discussions with the major labels about a licensing deal for a new streaming music service. Rumours are that he wants to start with a Pandora-like Internet radio station and then move up to other levels of service with various pricing plans.
Spotify and Apple control about 64% of the streaming market, leaving all the others–Google Play, Deezer, Napster, Tidal–fighting it out for the last 36%. And NONE of them are profitable. Where Elon thinks he can find a niche is a mystery. Maybe streaming to just Teslas?