Tesla reportedly wants to create its own music streaming service

Tesla is planning on creating its own proprietary music-streaming service, Recode first reported.

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 algorithms.”

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.

NOW WATCH: We drove a brand-new Tesla Model X from San Francisco to New York — here’s what happened

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.