Tesla forms his own company, Tesla Electric…
1886 CE
Tesla forms his own company, Tesla Electric Light & Manufacturing, based in Irving street, Rahway, New Jersey, In 1886.
The company installs electrical arc light based illumination systems designed by Tesla and also has designs for dynamo electric machine commutators, the first patents issued to Tesla in the U.S.
In 1885, Tesla had proposed that the company should go on to develop his ideas for alternating current transmission systems and motors.
The investors disagree and eventually fire him, leaving him penniless; Tesla is forced to work as a ditch digger for two dollars per day.