Trademark Squatter Tells Telsa It Will Cost Them $32 Million To Use Their Name In China

China is the largest automarket in the world, and even if the economy is slowing down, new car sales are on high gear as just last month sales rose almost 11 percent according to the China Association of Auto Manufacturers.
Considering this, Tesla Motors, one of the most successful carmaker that builds electric vehicles, including the Model S luxury sedan is trying to enter the market. But there’s a problem. According to the Chinese authorities, the name Tesla Motors Inc is already trademarked in China by someone else. Zhan Baosheng successfully registered the “Tesla” trademark for land, air, and marine transportation vehicles in 12 categories in 2009.
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