A high-level Japanese group that includes a former prime minister has drawn up plans for Tesla to invest in Nissan after the collapse of its merger talks with Honda, the Financial Times said on Friday.

The rumored collapse of merger talks between Honda and Nissan amidst the EV industry's transformation has thrust Foxconn into the spotlight as it continues to explore partnerships with Nissan and Renault.

Elon Musk responded, "The Tesla factory IS the product. The Cybercab production line is like nothing else in the automotive industry."

Elon Musk, CEO of Tesla, has denied rumors suggesting that Tesla might invest in the struggling Japanese automaker Nissan. This denial came after a report indicated that a Japanese group was seeking to attract investments into Nissan,