Tesla ‘should take a look’ at Nissan opportunity, analyst says

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Tesla ‘should take a look’ at Nissan opportunity, analyst says

Japan is reportedly pursuing an investment from Tesla (TSLA) in Nissan (7201.T, NSANY), according to

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, after merger talks fell through between Nissan and Honda (HMC, 7267.T). CFRA analyst Garrett Nelson shares his read of the report and the electric vehicle (EV) space at large with Seana Smith and Brad Smith on Morning Brief.

“No question, it’s a difficult environment, especially if you’re a small EV startup that maybe went public three or four years ago,” Nelson says, nodding to Nikola’s (NKLA) recent bankruptcy filing.

“I think Nissan would like to do a deal with Tesla. We know that there are discussions with Honda, [that] reportedly fell through recently,” the analyst says, adding, that Nissan is “in a very difficult spot” as “they’re like a lot of traditional automakers and that they’ve been losing market share for a long time now, both to ******** upstart automakers as well as companies like Tesla who have grown their volume dramatically over the last few years.”

He notes that “Tesla hasn’t indicated any interest in Nissan, but we do think they should take a look at this opportunity. It could make sense for them.”

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Naomi Buchanan.

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#Tesla #Nissan #opportunity #analyst

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