Nissan Stock Soars Amid Tesla Investment Speculation

Nissan's stock surged nearly 10% following reports from the Financial Times that a high-level Japanese group, including former Prime Minister Yoshihide Suga and ex-Tesla board member Hiro Mizuno, was planning to propose an investment from Tesla. The group believes Tesla might be interested in acquiring Nissan's U.S. factories to boost domestic production amid tariff threats. Despite the speculation, Tesla CEO Elon Musk dismissed these claims, emphasizing Tesla's unique manufacturing approach. Nissan's shares climbed as it searches for strategic partners after a failed merger with Honda, amidst financial struggles and increased competition. The proposed consortium may also involve Foxconn to prevent a full takeover by the Apple supplier. Nissan's dire situation includes declining sales and a downgraded credit rating, pushing it to explore new partnerships.