Tesla trademark dispute resolved
The American car company Tesla Motors and Chinese businessman settled the dispute amicably for the use of the electric vehicles brand in China. It is known that before a crafty businessman has registered the trademark Tesla Motors. So, in September 2006, unknown Jean Baoshen filed an application for Tesla trademark registration in the United States. In 2009, Jean Baoshen got the right to use the trademark Tesla in the automotive industry for 10 years.
In 2012, Tesla suggested the businessman to sell his rights to the brand for $ 50,000, in 2013 the amount was already 2 million yuan. However, the businessman refused these conditions of the transaction.
As a result, during the long negotiations, the parties came to an amicable solution of the matter.