August 24, 2013

Tesla's China drive hits patent bump



Popular electric carmaker Tesla Motors Inc's plans to enter the world's biggest auto market have stalled after a businessman in China claimed trademark rights to the name, according to people close to the California-based company.

The maker of the best-selling United States electric car, the premium Model S sedan with a price tag of US$70,000, had originally hoped to launch a flagship showroom in Beijing at the start of the year, according to three sources, but has had to put that idea on hold due in part to the trademark issue.