Tesla Inc (NASDAQ: TSLA) Rolls Out New Tidal Music Streaming Option In Its Electric Vehicles After Latest Software Update, Electrek reported Tuesday, citing application notes.
What happened: The Norwegian subscription music streaming, podcast and video service that offers audio and music videos is popular in many countries and also offers original content and curated playlists.
Tidal claims to provide access to over 70 million tracks and 250,000 clips.
The service also incorporates cold weather enhancement and noise suppression.
Tidal is majority owned by a payment company Square Inc (NYSE: SQ), whose CEO also heads Twitter Inc (NYSE: 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 is this important: CEO of Tesla Elon Musk had at the company’s Battery Day event last year, revealed that support for Tidal will soon be available on the company’s electric vehicles. Musk had not provided any timetable for the deployment at the time.
The functionality is a complement to existing services, including one of Spotify technology (NYSE: SPOT). Apple Inc (NASDAQ: AAPL) has its own music streaming service.
Price action: Tesla shares closed 3.03% lower at $ 1,171.97 on Tuesday.
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