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January 24, 2014 AT 9:58 AM
With Tesla having announced the price of its Model S electric car in China yesterday, one question remained unanswered: What name would the cars actually be sold under? As of this week, the company can now legally use the brand name "Tesla" on its cars, which it had not previously been able to do. The Tesla name had been trademarked back in 2006 by a local businessman, Zhan Baosheng, before its first electric Roadster even went on sale in the U.S.