Nope.
From Wikipedia:
On July 3, 1899, Tesla discovered terrestrial stationary waves within the earth. He demonstrated that the Earth behaves as a smooth polished conductor and possesses electrical vibrations. He experimented with waves characterized by a lack of vibration at points, between which areas of maximum vibration occur periodically. These standing waves were produced by confining waves within constructed conductive boundaries. Tesla demonstrated that the Earth could respond at predescribed frequencies of electrical vibrations. At this time, Tesla realized that it was possible to transceive power around the globe. A few years later, George Westinghouse stopped funding Tesla's research when Tesla showed him that he could offer free electricity to the whole world by simply "ramming a stick in the earth in your backyard". Westinghouse said he would go bankrupt if that happened.
I thought you said it was JP Morgan ...
Actually, W bought T's patents for $1 million plus $1 per installed horsepower but Tesla blew his own money by bad management.