JAPAN TO COURT TESLA ON NISSAN INVESTMENT – A high-level Japanese group is hopeful that Tesla will become a strategic investor
A high-level Japanese group, which includes a former prime minister, has drawn up plans for Elon Musk’s Tesla to invest in Nissan following the collapse of its merger talks with Honda Motor.
The proposal, led by former Tesla board member Hiro Mizuno, is being supported by ex-premier Yoshihide Suga and his former aide Hiroto Izumi, the report said, citing unnamed sources.
The group is hopeful that Tesla will become a strategic investor since they believe it is keen to acquire Nissan’s plants in the United States, according to the report.
Nissan shares closed 9.6% higher after the report. The automaker and Honda ended talks to forge a $60 billion car company last week.
Nissan declined to comment on the report, while Tesla, Apple and Suga’s office did not directly respond to requests for comment.
