- Joined Dec 31, 1969
Can you provide a citation for this?Tesla was NOT paid as promised by either Edison OR Westinghouse. They owe his estate billions of dollars.
The following page is in error.
I offer the above snippet from the book that tends to bolster the comments by "unregistered" and HarveyH42."There is a story, unfortunately without documentation, that he (Westinghouse, during a visit to Tesla's lab) then turned to Tesla and offered him $1 million plus a royalty for all of his AC patents. If ever made, the offer must have been declined, for the records show that for his forty patents, Tesla received about $60,000 from the Westinghouse firm, which included $5,000 in cash and 150 shares of stock. Significantly, however, according to Westinghouse historical records, he (Tesla) was to earn $2.50 per horsepower sold. Within a few years these royalties would pose a curious problem."
Excerpted from the book TESLA-Man Out Of Time by Margaret Cheney
If need be, it may be worth noting that there are several conflicting sides to this discussion; else it may be something that is deemed not necessary in a technical-focused publication such as the e-book.Nikola Tesla conceived the basic principals of the polyphase induction motor in 1883, and had a half horsepower (400 watt) model by 1888. Though he received a million dollars from George Westinghouse for the rights to manufacture this invention, he died penniless.
It is decidely cheaper than that.isnt electricity lot cheaper than that?
DaveTesla held his first lecture on May 16, 1888 at the American Institute of Electrical Engineers, when he demonstrated his initial brushless AC induction motor, which marked the dawn of a new technological era. Very soon after that, the famous industrialist George Westinghouse visited Tesla, ready to offer him one million dollars for all of his AC motor and dynamo patents, but manages to buy them all for $60.000 and 150 shares of his Westinghouse Electric Company. Westinghouse also signed a contract with Tesla, offering him generous royalty agreement on future profits ($2.50 for each horse power (HP) of motors sold by the company). According to this, Tesla was about to become the richest man in the world. Years to come will prove Tesla's undivided loyalty to Westinghouse when Westinghouse Electric Company was facing difficulties, Tesla simply ripped the contract.
I agree the changes are a more accurate assessment. Thanks for making the changes at ibiblio.org, AAC should be updated shortly.OK , It looks like this is settled. I have changed (at ibiblio) the portion of the text refering to the million dollars to $65,000. Thanks all for your assistance.
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by Jake Hertz