Colorado Springs Tower
Unfortunately, the Wardenclyffe tower was undercapitalized as the initial investment of $ 150,000 from financier J.P. Morgan proved to be inadequate to complete the construction project. Tesla failed to receive additional funding from Morgan and the project was ultimately abandoned. The Bank Panic of 1907 which resulted in bank failures, as well as a poor investment climate, imperilled the prospect of securing additional venture capital: the Wardenclyffe project was bankrupt. The tower was demolished in 1917 and sold for scrap.
Nikola Tesla was the inventor of the first Scalar Light harnessing instruments
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