We investigate the limits of high energy transport in multiwalled carbon na
notubes (MWNTs). In contrast to metal wires, MWNTs do not fail in the conti
nuous, accelerating manner typical of electromigration, Instead, they fail
via a series of sharp, equally sized current steps. We assign these steps t
o the sequential destruction of individual nanotube shells, consistent with
the MWNT's concentric-shell geometry. Furthermore. the initiation of this
failure is very sensitive to air exposure. In air failure is initiated by o
xidation at a particular power, whereas in vacuum MWNTs can withstand much
higher power densities and reach their full current carrying capacities.