Tesla convinced John Jacob Astor IV to invest $100,000
To fund his experiments, he convinced John Jacob Astor IV to invest $100,000 to become a majority share holder in the Nikola Tesla Company. Astor thought he was primarily investing in the new wireless lighting system. Instead, Tesla used the money to fund his Colorado Springs experiments. Upon his arrival, he told reporters that he planned to conduct wireless telegraphy experiments, transmitting signals from Pikes Peak to Paris.