PayPal was originally established by
Max Levchin, Peter Thiel, and Luke Nosek in December 1998 as Confinity, a company that developed security software for hand-held devices.
The first digital payments version of Confinity was launched in 1999. By that time, a remarkably similar platform called x.com had come into being. X.com was founded by Musk, Harris Fricker, Christopher Payne and Ed Ho. Musk served as the x.com CEO.
In 2000, the two digital payments firms got merged with each other. However, combining the two firms did not turn out out be very successful. Elon Musk took over as the CEO in April 2000 and was fired in October 2000.
now lets do Tesla
The company was incorporated as Tesla Motors, Inc. on July 1, 2003, by
Martin Eberhard and
Marc Tarpenning.
[12] Eberhard and Tarpenning served as CEO and CFO, respectively.
[13] Eberhard said he wanted to build "a car manufacturer that is also a technology company", with its core technologies as "the battery, the computer software, and the proprietary motor".
[14]
Ian Wright was Tesla's third employee, joining a few months later.
[12] In February 2004, the company raised $7.5 million in
series A funding, including $6.5 million from Elon Musk, who had received $100 million from the sale of his interest in
PayPal two years earlier. Musk became the chairman of the board of directors and the largest shareholder of Tesla.
[15][16][13] J. B. Straubel joined Tesla in May 2004 as
chief technical officer.
[17]
I will give him this..dude knew the right place to put his money but let’s not confuse a good venture capitalist and an innovative genius.. musk buys..he doesn’t make.
when the brains of musk are involved he either gets fired,voted by shareholders to be fired (tesla 2018) or tanks 44 billion dollar companies.