The answer is a clear no. There will be no money in the form of investment for Nissan from Tesla, says Elon Musk.
Elon Musk has publicly rejected any possibility that Tesla will make an investment in Nissan.
Musk made this clear on his own social media X, and it immediately caused Nissan shares to plunge. They had otherwise rebounded following the rumor of a Tesla investment.
The Japanese car brand is facing turbulent times with falling sales and a gigantic cost-cutting plan. Which means, among other things, that 9,000 employees will be laid off. Read more about it here.
Nissan management has also warned that it could run out of money within a year if it fails to find a rescue.
On Friday, Nissan shares rose by almost ten percent. This happened after the news that a group of Japanese businessmen and former politicians strongly advocated a collaboration with Tesla.
The group believed that Tesla might have an interest in Nissan's production facilities in the U.S. However, the stock's skyrocket was short-lived.
Elon Musk quickly responded to the speculation on social media, emphasizing that Tesla has ample production capacity.
Following Musk's comments, Nissan's share price fell by ten percent, resulting in its biggest loss in a three-week period.
For Nissan, the Tesla rejection is another defeat in the quest for survival.
A fight that means, among other things, that CEO Makoto Uchida voluntarily says goodbye to half of his salary.
The divorce from Renault apparently does not change Nissan's problems, not even though the merger plans with Honda have collapsed.
The plans were reportedly shelved when Honda director Toshihiro Mibe demanded that Uchida resign before negotiations could even continue.
Furthermore, Honda wanted to make Nissan a subordinate brand.
