On February 13, Honda and Nissan announced the termination of their previously signed basic agreement on business integration discussions, putting an end to the related negotiations. Although the two companies still plan to maintain strategic cooperation in the fields of intelligence and electrification, this decision leaves Nissan's long-term development path uncertain.

Shortly afterward, rumors emerged in the market about a possible Tesla investment in Nissan. Reports indicate that a Japanese consortium had drafted an investment plan led by former Tesla board member Hiromichi Mizuno and supported by former Japanese Prime Minister Yoshihide Suga. According to sources, the proposal envisioned the establishment of an investor consortium, with Tesla as the largest backer and Foxconn potentially making a minority equity investment. Members of the consortium believed that Tesla might seek to acquire Nissan’s U.S. factories to counter potential high tariffs imposed by a future Trump administration and to strengthen its domestic production capacity in the United States. This news briefly drove Nissan’s stock price up by 11%.

However, the situation quickly took a turn. On February 24, Hiromichi Mizuno publicly denied the 'Financial Times' report, stating that he was not involved in any efforts to facilitate a Tesla investment in Nissan. He also questioned whether Tesla was genuinely interested in Nissan’s U.S. factories. At the same time, Foxconn’s stance also saw a dramatic shift. While reports initially suggested that Foxconn had restarted its plan to acquire Nissan shares, Foxconn Chairman Young Liu later stated that the company had no intention of acquiring Nissan’s shares. He emphasized that any future investment would depend on the needs of their collaboration, with Foxconn’s primary focus remaining on technological cooperation rather than capital operations.

Nissan has long been facing operational difficulties, and its merger talks with Honda had once given the market a glimmer of hope. Now, with the termination of this plan, the company’s future has become even more uncertain. Amid intensifying global competition in the automotive market, particularly with the rise of Chinese electric vehicle manufacturers, Nissan urgently needs to find a breakthrough. Collaborating with American tech companies could potentially give Nissan an edge in key areas such as autonomous driving and battery technology, enhancing its brand competitiveness. However, for now, Nissan still faces many challenges, and a true turnaround remains a distant prospect.