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Tesla down 3%; sued in China for trademark infringement

Tesla down 3%; sued in China for trademark infringement

07/08/2014

SAN FRANCISCO (MarketWatch) -- Shares of Tesla Motors Inc. (TSLA) fell 3% on Tuesday, bringing weekly losses to 6.2% so far. Tesla is being sued in China for trademark infrigement, according to news reports. Tesla began delivering Model S sedans in China in April, after saying that a trademark dispute with Chinese businessman Zhan Baosheng had been resolved. Zhan had registered the trademark "Tesla" and is now taking the electric car maker to court to demand it stop sales and marketing in China. A Beijing court will hear the case on Aug. 5.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

 

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(END) Dow Jones Newswires

07-08-14 1048ET

Copyright (c) 2014 Dow Jones & Company, Inc.

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