Naturally the Edison Cartel and Marconi's telegraph undercut his funding and reputation so they could keep billing for power and messages
..............
Et alors la marmotte, elle met le chocolat dans le papier alu.
Speaking of papier alu - I still can't fathom the fact that tinfoil hats do feed the brains under them precious eyes-only information and deep secret knowledge from the source, BUT refuse to stream basic info on how Evil and business entropy really works...
Which is that - if Tesla had anything similar at an operational level - the Evil ones would have let him finish it then steal it from him and start charging for it, for an even greater profit.
So he had it ready, but they cut his wings. Somehow - they (the bad guys) had the power to sabotage Nikola Tesla's work, in an efficient and all-destroying way, BUT were scared crapless of the the mighty laws in the US that would have left them penniless should Tesla have finished his work :-P
This is deliciously cute cherry-picking.
The reality is that if free energy/wireless energy transmission/internal combustion engines running on water/fill the blanks here COULD and DID exist, the nasty ones would be the first to exploit them and make them PAID.
The free energy sources would be taxed, the area over which the wireless energy beam would flow would be taxed, the water that goes in that magic engine would get taxed, the blanks that were left to be filled with something else magic would be taxed too.
Most basic example - home heating diesel fuel in, say, France. Costs a fraction of what diesel at gas stations costs. There are heavy fines if you're caught using it in your car - with all the matching roadblocks, and chemical tracers in heating diesel that make it easy to detect by those smiling mobile customs. Rumor is there are also little chemical "aids" that would "help" your engine to an untimely death should you use heating diesel exclusively. But that's a rumor. The roadblocks at night - I've seen myself.
There is no vacuum in business and in taxes. There's no benevolent wise lawmen watching from the side, and no Johnny Mnemonic. If wireless electricity transmission was invented tonight at midnight, it would be taxed at one past midnight. And in the morning, we'll be celebrating the abolition of cables and poles, while still paying the same electricity bills or higher.