04:57 AM EST, 02/21/2025 (MT Newswires) -- Tesla (TSLA) is being approached by a Japanese group with a proposal for an investment in Nissan Motor following the failure of its merger attempt with Honda Motor ( HMC ), The Financial Times reported Friday, citing people with direct knowledge of the matter.

The investment pitch is being led by former Tesla board member Hiro Mizuno and backed by former Japanese Prime Minister Yoshihide Suga, the report said.

The group is hoping to entice Tesla to invest to acquire Nissan's Tennessee and Mississippi plants to boost its own production, the report said.

In response to the FT story, Musk wrote on his platform, X, "The Tesla factory IS the product. The Cybercab production line is like nothing else in the automotive industry."

Nissan and Tesla did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)