Musk Expected To Visit China This Week, Meet Officials: Report

Tesla Inc TSLA CEO Elon Musk is expected to visit China this week.

According to Reuters, Musk will meet with officials and visit the Tesla plant in Shanghai. Earlier in May, Austin, Texas-based Tesla increased the price of specific models in China.

The price hike came after several price cuts that helped stoke demand. Tesla's price cuts in China commenced in October, averaging 9%.

Tesla was hit with negative headlines when reports revealed a massive recall of 1.1 million vehicles by Chinese regulators.

Also Read: The Tesla Model Y Is Now The World's Bestselling Car

China's State Administration for Market Regulation said the recall was issued in response to a problem preventing drivers from choosing the regenerative braking system and the lack of a warning when the accelerator pedal is pressed for a long time.

According to the agency, both issues increase the risk of collision and pose a safety hazard.

In March, the outlet reported that Musk was planning a trip to China and seeking a meeting with Chinese Premier Li Qiang as early as April, with the exact timing subject to Li's availability.

Tesla's February sales rose 31.7% year-over-year to 74,402 units, preliminary data released by the China Passenger Car Association showed.

Now Read: Tesla Recalls Over 2,600 Imported Model S Vehicles In China Due To Issues With Trunk

Photo: Open Grid Scheduler on flickr