Elon Musk Dismisses Reports of Tesla Investing in Nissan

Speculation about Tesla acquiring Nissan's U.S. factories arises as the Japanese automaker faces financial struggles and a credit downgrade.

Japanese leaders, including a former prime minister, reportedly plan to approach Tesla as a potential investor in Nissan following the collapse of merger talks with Honda.
Elon Musk, Tesla's CEO, downplayed the idea, emphasizing Tesla's unique factory designs and manufacturing processes, which differ from traditional car factories like Nissan's.
Nissan's financial troubles have deepened with Moody's downgrading its credit rating to junk status, citing weak profitability and declining sales in key markets like China and the U.S.
Nissan's shares rose sharply on the news of the potential investment, while Tesla's stock experienced a slight decline.
Other potential partners for Nissan, such as Taiwan's Foxconn, are reportedly being considered as the automaker seeks solutions to its ongoing financial and operational challenges.