Elon Musk sues Indian battery company Tesla Power for trademark infringement [FOX Business Network]
Tesla, Inc. (TSLA)
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Source: FOX Business Network
Tesla, Inc., owned by CEO Elon Musk has filed a lawsuit in India against an Indian battery company called Tesla Power over alleged trademark infringement. Musk's Tesla, Inc. sent a cease-and-desist letter to the Gurgaon-based Tesla Power India, which also has a global office in Delaware as Tesla Power USA, two years ago, but said that the company continues to use its name in a hearing at the Delhi High Court this week. Tesla, Inc. is also incorporated in Delaware. Tesla Power India argued in the hearing that it makes "lead acid batteries," not batteries for electric vehicles and has no aspirations to venture into the EV industry Tesla Power's mission is to "be the number one brand in the energy storage industry in India and a benchmark for best culture practices by 2025 through innovation, with focus on quality sustainable products and affordable solutions, thereby enhancing value of our people, our stakeholders, our service network partners and community," according to its web
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