The guy that trademarked Tesla's name in China before Musk and Co. even launched across the Pacific has made a deal with the automaker to cancel his trademark and hand over the related domain names.
Zhan Baosheng registered Tesla as a trademark earlier this year, along with the domains tesla.cn and teslamotors.cn. In the deal, he's releasing everything to Tesla, although automaker isn't saying how much it took to get Zhan to give in.
"Mr. Zhan has agreed to have the Chinese authorities complete the process of canceling the Tesla trademarks that he had registered or applied for, at no cost to Tesla," the company told Bloomberg.
Now Tesla can get back to the business of expanding in the world's largest auto market and Zhan can get back to running his… skin-care company.