Elon Musk Tesla Plans Nissan Buyout After Honda Deal Falls Apart

Reports have surfaced implying that Japan is looking to Tesla as a substitute investor following the fall-off of Nissan’s intended merger with Honda. Disagreements over leadership and integration drove the failed merger, thereby leaving Nissan looking for fresh ideas to keep competitive. Prominent Japanese group including former Prime Minister Yoshihide Suga and Hiromichi Mizuno has reportedly supported Tesla’s engagement citing advantages including increased production capacity and technological sharing. Although Elon Musk has discounted allegations of a possible investment, the effects of such a cooperation might transform the automotive sector and hasten the change toward electric cars.