Core Viewpoint - Tesla CEO Elon Musk has downplayed reports regarding Tesla's interest in investing in Nissan's U.S. factories, following a report that a Japanese group is seeking Tesla's investment after Nissan's merger talks with Honda collapsed [1][3]. Group 1: Investment Plans - A group led by former Tesla board member Hiro Mizuno, with support from former Japanese Prime Minister Yoshihide Suga, is reportedly planning to attract Tesla as a strategic investor in Nissan [2]. - The group aims to form a "consortium of investors" with Tesla at the forefront, and Apple supplier Foxconn is expected to join as a minority investor [4]. Group 2: Market Reaction - Following the report of potential investment from Tesla, Nissan's shares surged over 12% in Tokyo trading, closing at $3.05 (JPY 459), which is nearly 9.5% higher than the previous day [5]. Group 3: Merger Talks Background - Nissan and Honda recently ended their merger discussions due to disagreements over the deal structure, with Honda proposing to make Nissan a subsidiary through a share exchange [6]. Group 4: Foxconn's Interest - Foxconn has shown interest in acquiring a stake in Nissan as part of its strategy to expand in the electric vehicle market, while emphasizing cooperation over acquisition [7].
Musk Responds To Report Nissan May Seek Tesla's Investment