Little interest in Tesla's ideas

The investors showed little interest in Tesla's ideas for new types of alternating current motors and electrical transmission equipment. After the utility was up and running in 1886, they decided that the manufacturing side of the business was too competitive and opted to simply run an electric utility. They formed a new utility company, abandoning Tesla's company and leaving the inventor penniless. Tesla even lost control of the patents he had generated, since he had assigned them to the company in exchange for stock.