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Japan to court Tesla on Nissan investment, FT reports
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Japan to court Tesla on Nissan investment, FT reports
Feb 20, 2025 9:45 PM

(Reuters) - A high-level Japanese group, which includes a former prime minister, has drawn up plans for Elon Musk's Tesla to invest in Nissan ( NSANF ) following the collapse of its merger talks with Honda Motor ( HMC ), the Financial Times reported on Friday.

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 ( NSANF ) plants in the United States, according to the report.

Last week, Nissan ( NSANF ) ended talks with Honda ( HMC ) for a possible merger.

Tesla, Nissan ( NSANF ) and Suga's office did not immediately respond to Reuters' requests for comment.

(Reporting by Rajveer Singh Pardesi in Bengaluru; Editing by Savio D'Souza and Varun H K)

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