Constellation Research founder and chairman Ray Wang says a potential investment from Tesla Inc (NASDAQ: TSLA) in Japan’s Nissan Motor Co Ltd (TYO: 7201) would be a “brilliant move”. His remarks arrive shortly after reports that a powerful Japanese group is seeking a Tesla investment in Nissan after the latter failed to negotiate a merger with

Shares of Nissan Motor Co. plunged as much as 10%, the most in three weeks, after Tesla Inc. Chief Executive Officer Elon Musk dismissed a report that he was interested in investing in the ailing carmaker.

Nissan shares surged 11 percent Friday after a report said a Japanese group including a former prime minister plans to ask US electric vehicle giant Tesla to invest in the automaker. "The proposal envisions a consortium of investors,