Tesla Inc TSLA is rolling out a new music streaming option Tidal in its electric vehicles after the latest software update, Electrek reported on Tuesday, citing app notes.
What Happened: The Norwegian subscription-based music, podcast and video streaming service that offers audio and music videos is popular in many countries and offers original content and curated playlists as well.
Tidal claims to provide access to more than 70 million tracks and 250,000 music videos.
The service is also integrating a cold-weather improvement and noise cancellation feature.
Tidal is majority-owned by payments company Square Inc SQ, whose CEO also leads Twitter Inc TWTR. Square reportedly paid $350 million to buy an 80% stake in Tidal.
See Also: Tesla's Latest Software Update Brings TikTok, Updated Music To Cars In China
Why It Matters: Tesla CEO Elon Musk had at the company's Battery Day event last year revealed that support for Tidal would soon be available on the company’s electric vehicles. Musk had not provided any timeline for the rollout at the time.
The feature is an add-on to existing services including one from Spotify Technology SPOT. Apple Inc AAPL has its own music streaming service.
Price Action: Tesla shares closed 3.03% lower at $1,171.97 a share on Tuesday.
Click here to check out Benzinga's EV Hub for the latest electric vehicles news.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
