U.S. Markets open in 5 hrs 2 mins

Tesla Sued in China for $3.85 Million Over Trademark Infringement


Electric car-maker Tesla is being sued in China for trademark infringement. Chinese businessman Zhan Baosheng is suing the company over Tesla's trademark, which he registered in both Chinese and English in 2006, before the company arrived in China. Baosheng is seeking about $3.8 million in compensation as well as the shutdown of showroom and supercharging stations, sales and marketing. The lawsuit follow last year's ruling by Chinese regulators who sided with Tesla, finding that Zhan's trademarks were invalid. Zhan is appealing that decision. The case is expected to be heard by the Beijing Third Intermediate Court next month.