Nissan Soars 9.5% on Reports of Potential Tesla Investment

• click to rate

  Posted by John Deo Feb 21 - Filed in General - #financialmodelingprep  - 18 views
  

  Nissan Motor (OTC:NSANY) shares surged 9.5% in Asian trading on Friday following reports that Tesla (NASDAQ:TSLA) may invest in the Japanese automaker. According to the Financial Times (FT), a high-profile Japanese group, including former Prime Minister Yoshihide Suga, is proposing a strategic partnership between Tesla and Nissan.

  Key Highlights

  • Tesla’s Potential Investment: The proposal aims for Tesla to become a strategic investor in Nissan after the automaker’s failed $58 billion merger talks with Honda (NYSE:HMC).
  • U.S. Factory Expansion: Nissan’s Tennessee and Mississippi plants, with a 1 million vehicle capacity but only 525,000 units produced in 2024, could help Tesla expand production amid U.S. tariff threats.
  • Led by Prominent Figures: The initiative is reportedly spearheaded by Hiro Mizuno, a former Tesla board member, and backed by Suga and his former aide Hiroto Izumi.
  • Countering Foreign Takeovers: Nissan’s rejection of Honda’s merger has raised concerns about potential acquisitions by foreign investors, including Taiwanese tech giant Foxconn (SS:601138).

  Market Reaction

  • Nissan stock closed at 458.80 JPY, its highest since early January, surging 9.5%.
  • Honda shares also gained 1% in Tokyo trading.

  Will Tesla Make a Move?

  As of now, Tesla, Elon Musk, Nissan, and other parties have not officially confirmed any deal. However, a Tesla-Nissan partnership could significantly impact electric vehicle (EV) production and global auto manufacturing strategies.

  Related Market Data APIs

  To stay updated on Nissan, Tesla, and the broader auto sector, here are two essential APIs:
  \u2705 Market Biggest Gainers – Identifies top-performing stocks like Nissan’s latest rally.
  \u2705 Industry P/E Ratio (Market Overview) – Analyzes automotive sector valuations amid shifting investor sentiment.

  Conclusion

  The potential Tesla-Nissan deal could reshape EV production, U.S. manufacturing, and global supply chains, but no official confirmation has been made yet. Investors should monitor further announcements and market trends closely.

  \ud83d\ude80 Stay updated with real-time market insights using Financial Modeling Prep APIs!