Nissan's shares surged 9.5% after reports that Tesla was being courted as a potential investor.
However, Elon Musk quickly rejected the idea, as Tesla's focus on robotaxis makes it an unlikely savior for Nissan.
Nissan, facing financial difficulties and a junk credit rating, was looking for investment options.
Tesla's advanced manufacturing techniques and shift towards autonomous vehicles and robotics make it an unsuitable candidate for investing in Nissan's factories.