Tesla signs over 51 percent interest in his patents and inventions, including future ones, relating to both electric lighting and wireless telegraphy or telephony for a mere $150,000.00.
1901
Marconi Succeeds
December 6th, 1901
Tesla rival, Guglielmo Marconi, succeeds in sending the first radio transmission across the Atlantic Ocean. The Morse code signal for the letter "s" traveled more than 2,000 miles from Poldhu in Cornwall, England, to Newfoundland, Canada.
1901
Tower Construction Begins
December 11th, 1901
Construction finally begins for Tesla's most ambitious project, The World-Wide Wireless System known as Wardenclyffe Tower.