Elon Musk pours cold water on rumours of investment in Nissan's factories
Nissan has been shopping itself to investors after the merger talks with fellow Japanese carmaker Honda went nowhere. Following reports that it plans to approach Tesla, CEO Elon Musk has stated why an investment in Nissan's facilities might not be a sound decision for his company.
According to a Fortune article, Nissan, backed by big industry players and politicians in Japan, will court Tesla with a proposal, leading to speculations that Tesla might swoop in on Nissan's factories in the United States. However, reacting to a post on X sharing the article, Musk wrote, "the Tesla factory is the product." He added that the Cybercab production line is a first of its kind in the auto industry.
Musk often touts the refinements of his factories. He has claimed Giga Shanghai built on the improvements in the Fremont factory, while Giga Berlin implemented the lessons from the Chinese factory. It goes without saying that updating an old production complex to the level that Musk desires, instead of building one from the ground up, can be more challenging for Tesla.
Nissan has two assembly factories in the US with a combined capacity of one million vehicles, but they only produce about 500,000 units.
