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Investors are also keen to know whether China regulators will clear the release of Tesla's advanced driver assistance features.
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It was not clear if Tesla is facing any regulatory hurdles to expanding the plant.
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The Shanghai factory produced over 700,000 Model Y and Model 3 vehicles last year, more than half of the company's global output. Musk's first visit to China in three years comes as Tesla faces intensifying competition from Chinese-made electric vehicles and some uncertainty about expansion plans for the Shanghai plant. and China economies as "conjoined twins" and saying that he was opposed to their decoupling. The foreign ministry quoted the billionaire as describing the U.S. The commerce ministry also did not respond to a request for comment. Tesla and CATL did not respond to requests for comment. In contrast to the social media storm in China and his propensity at home to make waves on Twitter (which he now owns), Musk has yet to make any public statements during his trip. Illustrated with two rearing horses - a play on the character for horse used in Musk's Chinese name - the menu described Tesla as a dark horse "standing out from traditional automotive companies". Apple's (AAPL.O) Tim Cook visited in March, while JPMorgan's (JPM.N) Jamie Dimon and Starbucks' (SBUX.O) Laxman Narasimhan are in China this week.īut compared to lower-key welcomes for his counterparts, Musk's visit is a hot trending topic and his popularity comes despite rising U.S.-China tensions, with keen interest shown in his comments on artificial intelligence and electric vehicles.Įven the menu for the 16-course meal at the upmarket Man Fu Yan restaurant he shared with CATL's Zeng on Tuesday evening was effusive, photos posted on social media showed. CEO to China since the country reversed its zero-COVID policy and reopened its borders.
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Musk's unannounced trip was the latest by a major U.S. Tesla did not immediately respond to a request for comment. He was expected to travel to the plant to meet with staff, two sources familiar with the matter said. automaker has a factory, according to flight data provider Variflight. His private jet left Beijing on Wednesday evening for the financial hub of Shanghai, where the U.S. "Elon Musk is just great, if only China could have someone like Elon Musk," said another. "He's a global idol," commented one user. But lack of information did not stop an outpouring of enthusiasm for Musk on Chinese social media. The industry ministry only said Musk and its head exchanged views about development of electric vehicles and connected cars the commerce ministry announced he discussed Tesla's development in China with its head. Since landing in Beijing on Tuesday, Musk has met with China's foreign, commerce and industry ministers and has dined with Zeng Yuqun, chairman of top battery supplier CATL (300750.SZ). BEIJING, May 31 (Reuters) - Billionaire Elon Musk was showered with praise during a trip to China this week, with people on social media calling him "a pioneer", "Brother Ma" and "a global idol" while the CEO of Tesla (TSLA.O), Twitter, SpaceX and other companies also met in person with three government ministers.
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