Tesla Looks To Give Customers The Giga Shanghai Experience

Tesla Inc 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 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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