Tesla Inc (NASDAQ:TSLA) is planning on allowing some EV owners to visit its Shanghai Gigafactory, CnEVPost, a website focused on new energy vehicles from China, reported Thursday.
What Happened: Grace Tao, Tesla’s vice president of external affairs, reportedly said on Chinese social media in response to a user’s query that such visits were being planned.
On Wednesday, the founder of a boutique app recommendation site sspai.com had said on Weibo that he had visited Tesla’s Shanghai plant and it was “really cool,” as per CnEVPost.
Tesla rival Nio Inc (NYSE:NIO) is known to host a conclave of vehicle owners and other guests known as Nio Day.
The company also hosts clubs — dubbed Nio House — for its EV users and their friends, as per Nio's website.
Why It Matters: Last year, the Elon Musk-led company doubled its China sales on a year-on-year basis to $6.6 billion.
The company said in its annual report that 21.11% out of its total revenue came from China.
See also: How to Invest in Tesla Stock
The Shanghai Gigafactory started making Model 3 vehicles in China last year.
Last month, the company said it was recalling 36,126 Model S and X vehicles in the East Asian country due to faulty touchscreens, as per CNBC.
Tesla was issued a strict warning in February from China’s top regulatory body and told to strengthen internal management and adhere to Chinese laws and regulations post-consumer complaints.
Price Action: Tesla shares closed nearly 6.9% lower at $653.16 on Thursday and fell 0.4% in the after-hours session.
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