Elon Musk rebuffs claims that Tesla could invest in Nissan

Japanese carmaker's shares rise almost 10% after reports that a group wants US EV firm to put in money

Elon Musk has rebuffed the idea that Tesla could put money into the struggling carmaker Nissan, after a report that said a Japanese group was seeking its investment sent shares soaring.

Nissan's stock market value jumped by 9.5% on Friday after claims that the former prime minister Yoshihide Suga was among those who want the US electric carmaker to become a strategic investor, possibly in exchange for Nissan's American factories.