Following Tesla Motors trillion-dollar valuation, and the rise of Elon Musk to title of “world’s richest man,” companies in China have rushed to register the Chinese version of his name as a trademark for products ranging from t-shirts to educational services.
Chinese tech media outlet IT Home reported, October 26, that a search of trademark registrations revealed that at least 273 companies had registered the name “馬斯克.” IT Home noted that the registrations involved companies dealing in clothing, shoes, hats, leather goods, design research, education, entertainment, advertising sales, communications, and many more fields and products.
IT Home concluded that the rash of registrations is testament to Musk’s huge reputation and influence in the Chinese marketplace. According to Tesla Motor’s sales data for the third quarter of 2021, Tesla sales in China exceeded 241,000 units, more than three times the combined total sales of China’s top three domestic electric car manufacturers.
Tesla’s market value surged 13%, Monday, increasing Musk’s net worth to $288.6 billion, according to Bloomberg, making Musk $100 billion dollars richer than Amazon’s Jeff Bezos.
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