Not to be outdone by Jeff Bezos' "out of the box thinking", Elon Musk has turned the amplifier of fast money to '11'...
Car-maker, tech stock, solar company... and now music streaming service.
Oh the genius of Elon Musk... "you just don't get it"
As ReCode reports, put this one in the “You can do that, but why would you want to do that?” file:
Tesla is talking to the music industry about creating its own streaming music service.
Music industry sources say the carmaker has had talks with all of the major labels about licensing a proprietary music service that would come bundled with its cars, which already come equipped with a high-tech dashboard and internet connectivity.
Label sources aren’t clear about the full scope of Tesla’s ambitions, but believe it is interested in offering multiple tiers of service, starting with a Pandora-like web radio offering.
The bigger question: Why doesn’t Tesla simply integrate existing services, like Spotify or Apple Music, into all of its cars from the start — especially since Tesla already does a deal with Spotify for Teslas sold outside the U.S.?
“We believe it’s important to have an exceptional in-car experience so our customers can listen to the music they want from whatever source they choose,” a Tesla spokesperson said.
“Our goal is to simply achieve maximum happiness for our customers.”
Of course shareholders can see only the upside (even though the stock did drop ever so slightly on this headline) even if Musk just found another way to burn more money.
Will this be the next excuse to raise more capital?
Oh and just one more thing...