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Chinese businessman's lawsuit vs Tesla heats up [w/video]

Tesla Motors continues to be locked in a bitter trademark dispute with a Chinese man who claims to own the rights to the company's name there. Zhan Baosheng is now suing the automaker in China for trademark infringement, and he's asking for 23.9 million yuan ($3.9 million) in damages, plus for the business shut down all of its Chinese operations.
According to Automotive News, Zhan registered for the trademark in 2006 and was granted it in 2009, which was after the automaker was founded in the US in 2003 but before it began Chinese operations. The two sides have been fighting over the name for years. The business reportedly offered him two million yuan ($322,500 at current exchange rates) to buy the trademark in 2009, but Zhan allegedly came back with an astronomical counter-offer for the equivalent of $32 million.The company also nearly changed its localized brand name in China to Tuosule because Zhan owned the rights to its preferred Te Si La title, but the courts eventually sided with Tesla.
On his Twitter page, Zhan's profile says that he's "the owner of TESLA trademark in China." He also recently tweeted a photo of himself holding the trademark document.

Hertz adds Tesla Model S to Dream Cars fleet

The Tesla Model S is slowly infiltrating our rental car and chauffeured lives, having already gone to Las Vegas with Zappos as a taxi and San Francisco with car-sharing service Get Around. Now a lot more people will have the chance to get into one with its inclusion in the Hertz Dream Cars fleet, joining 19 petrol-powered rockets like the Aston Martin V8 Vantage, Mercedes SLS AMG and SRT Viper. What's more, in case you missed it when it was new, the Tesla Roadster will join its sibling in the Dream Cars corral.
Although the Dream Cars are available in 35 markets, the Teslas will only come to two: San Francisco and Los Angeles airports. The rental Model S gets the 85-kWh battery with a range of 265 miles, and appears to be the P85 Performance model since Hertz lists a 0-to-60 mile per hour time of 4.2 seconds.
You can read more about it in the press release below, and if your vacation plans include California, this could give you a chance to get into a Model S faster than someone who buys one.

Tesla's Elon Musk made $1.1 billion yesterday, how about you?

Thanks to skyrocketing share prices, yesterday was a very big payday for Tesla founder Elon Musk. The already wealthy businessman added another $1.1 billion, ten percent of his net worth, to his overflowing wallet yesterday after Tesla's shares hit $248. This time last year, TSLA was trading at roughly $34 per share.
Tesla's latest jump in a year that has already seen share prices climb 65 percent is thanks to positive reports from Consumer Reports on the company's Model S electric sedan, and some kind words from Morgan Stanley about the brand's plans for a battery factory.
Despite all the good news for Tesla yesterday, not all of the $1.1 billion Musk earned came from his automotive pursuits. SolarCity, which Musk is also the largest shareholder in, saw its share prices jump 3.1 percent, as part of a 43-percent jump in 2014.