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.
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.
Construction finally begins for Tesla's most ambitious project, The World-Wide Wireless System known as Wardenclyffe Tower.