In addition to his AC system and coil, throughout his career, Tesla discovered, designed and developed ideas for a number of other important inventions—most of which were officially patented by other inventors—including dynamos (electrical generators similar to batteries) and the induction motor. He was also a pioneer in the discovery of radar technology, X-ray technology, remote control and the rotating magnetic field—the basis of most AC machinery.
Having become obsessed with the wireless transmission of energy, around 1900 Nikola set to work on his boldest project yet: to build a global, wireless communication system—to be transmitted through a large electrical tower—for sharing information and providing free electricity throughout the world. With funding from a group of investors that included financial giant J. P. Morgan, in 1901 Tesla began work on the project in earnest, designing and building a lab with a power plant and a massive transmission tower on a site on Long Island, New York, that became known as Wardenclyffe. However, when doubts arose among his investors about the plausibility of Tesla's system and his rival, Gugliemo Marconi—with the financial support of Andrew Carnegie and Thomas Edison—continued to make great advances with his own radio technologies, Tesla had no choice but to abandon the project. The Wardenclyffe staff was laid off in 1906 and by 1915 the site had fallen into foreclosure. Two years later Tesla declared bankruptcy and the tower was dismantled and sold for scrap to help pay the debts he had accrued.