Tesla to Consider Strategic Investment in Nissan with Former Japanese PM's Support

A high-level Japanese group, including former Prime Minister Yoshihide Suga, is proposing for Tesla to invest in Nissan after the latter's merger discussions with Honda failed. Led by Hiro Mizuno, the group hopes Tesla will become a strategic investor interested in acquiring Nissan’s U.S. plants.

A significant development in the automotive industry is unfolding, as a high-level Japanese group seeks to involve Elon Musk's Tesla in acquisition talks with Nissan. This comes on the heels of the collapse of Nissan's merger discussions with Honda, as reported by the Financial Times.

The proposal is spearheaded by Hiro Mizuno, a former Tesla board member, with backing from former Japanese Prime Minister Yoshihide Suga and his ex-aide, Hiroto Izumi. According to unnamed sources, the group believes Tesla is interested in becoming a strategic investor, particularly focusing on Nissan's manufacturing facilities in the United States.

The recent cessation of Nissan's merger talks with Honda has opened the door to new collaborations. However, requests for comments from Tesla, Nissan, and Suga's office remain unanswered, according to ongoing reports from Reuters.

(With inputs from agencies.)