Japan reportedly turns to Tesla to secure Nissan’s future after Honda deal collapse, Elon Musk says…

A high-level Japanese group including former prime minister Yoshihide Suga has drawn up plans for Elon Musk's Tesla to invest in Nissan, the Financial Times reports. The new proposal is being led by former Tesla board member Hiro Izumi and backed by the former prime minister and his former aide Hiroto Izumi.

A separate Nikkei newspaper report said Taiwan's Foxconn (2317.TW), opens new tab has proposed forming a partnership with Honda with an ultimate aim of creating a four-way framework that would also include Nissan and Mitsubishi Motors (7211.T),
The Japanese group behind the plans for Tesla to invest in Nissan hopes the Elon Musk-led company will become a strategic investor, believing it is keen to acquire Nissan's plants in the United States, according to the Financial Times.

Some analysts, however, are doubtful of Tesla's interest in acquiring U.S. plants, citing its ample capacity at existing factories and first decline in yearly deliveries in 2024.

Tesla said last month it expected the vehicle business to return to growth this year.

Suga's office said it was not aware of a plan to encourage Tesla to invest in Nissan.

Suga stood down as prime minister in 2021 but remains a member of Japan's lower house, representing a constituency in Nissan's home prefecture of Kanagawa.
Nissan shares closed up 9.6% after the FT report.

Ref:   Japan reportedly turns to Tesla to secure Nissan’s future after Honda deal collapse, Elon Musk says…  (reuters)