Tesla was fined 50,000 yuan by the Beijing Market Authority for inaccurate advertising.

Qixinbao data show that on July 30, Tesla Motors (Beijing) Co., Ltd. added an administrative penalty information, decided that the paper name is Beijing Dynasty City Supervisor Penalty (2020) 712, the punishment is shown as 010101, the penalty content is a fine of 50,000 yuan, the punishment authority for the Beijing Chaoyang District Market Supervision Authority.

Tesla was fined 50,000 yuan by the Beijing Market Authority for inaccurate advertising.

It is understood that Tesla Motors (Beijing) Co., Ltd. is not the first time to be subject to administrative penalties. Data show that on September 13, 2016, Tesla Motors (Beijing) Co., Ltd. was fined 200,000 yuan by the Chaoyang Branch of the Beijing Municipal Administration for Industry and Commerce for using data, statistics, survey results, abstracts, citations and other citations in advertising.

Some analysts pointed out that, through the results of the punishment show, Tesla Motors (Beijing) Co., Ltd. was punished this time for the same cause or the same. In addition, according to Qixinbao data, Tesla Motors (Beijing) Co., Ltd. also involved in 17 judicial proceedings, including contract disputes, product liability disputes and so on.

According to public information, Tesla Motors (Beijing) Co., Ltd. was established on November 07, 2012, with the legal representative Zhu Xiaoxuan. The company’s business scope includes: automotive retailing, providing automotive technical advice, providing automotive technical services, charging equipment management and operation services (in the planning permitted parking area).

At the close of Trading on July 31, Tesla (TSLA) was down 3.81 per cent at Rmb1,430.76 a share.