Shares of Nissan Motor Co. plunged as much as 10%, the most in three weeks, after Tesla Inc. Chief Executive Officer Elon Musk indicated he has no plans to invest in the ailing carmaker.

Reports of an overture towards the American electric vehicle maker come days after Nissan’s merger talks with Honda collapsed.

AN ICONIC car brand on the “brink of collapse” has suffered another blow after its shares plummeted. The Japanese carmaker pleaded for Elon Musk to come to the rescue after a failed

Japanese business leaders are reportedly urging Tesla CEO Elon Musk to step in as a strategic investor in Nissan after the company’s merger talks with rival Honda collapsed last week.

Nissan in recent weeks has been searching for a strategic partner in the tech industry, with some board members suggesting Tesla and Apple as ideal targets.

Following the end of talks between Nissan and Honda, Moody’s has downgraded the struggling automaker’s debt rating to junk status. The financial research firm also revealed a negative outlook for the future.

Today’s Forbes Daily newsletter covers California bullet train at risk, Nissan stock surge, could DOGE checks lead to inflation, Clearview AI CEO resigns and more.

Elon Musk has pivoted Tesla toward autonomous vehicles and robotaxis in recent years.FREDERIC J. BROWN/AFP via Getty Images Nissan's shares jumped after a report said Tesla is being courted as a ...