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July 7th, 1888: Tesla Sells A.C. Patents Tesla sells patents for A.C. Polyphase System to George Westinghouse for $25,000 in cash, $50,000 in notes and a royal
by jiggliemon 10y ago
July 7th, 1888: Tesla Sells A.C. Patents
Tesla sells patents for A.C. Polyphase System to George Westinghouse for $25,000 in cash, $50,000 in notes and a royalty of $2.50 per horsepower for each motor.
https://teslauniverse.com/nikola-tesla/timeline/1888-tesla-sells-ac-patents https://teslauniverse.com/nikola-tesla/timeline/1888-tesla-s...
Some tangential history regarding Westinghouse for fun.