Elon Musk has seemingly dismissed reports that Tesla could invest in Nissan, rejecting speculation that the US electric vehicle maker might step in as a strategic investor for the struggling Japanese automaker.
Nissan shares surged 9.5% on Friday after a Financial Times report said that the former Japanese Prime Minister Yoshihide Suga was among those pushing for Tesla to invest in the company, potentially in exchange for Nissan’s US factories.
Musk, however, quickly shot down the idea. Responding to a post about the report on X, Musk wrote: “The Tesla factory IS the product. The Cybercab production line is like nothing else in the automotive industry.”