Tesla Motors Inc (TSLA), SolarCity Corp (SCTY) Not Elon Musk’s Only Projects

Paypal

Paypal, currently owned by eBay Inc (NASDAQ:EBAY), is one of the leaders in Internet money transfers. The same year, Zip2 was sold, Musk founded X.com, a company engaged in online banking. A year later, X.com acquired a company called “Confinity”, which was developing an online money-transfer process, Paypal. Musk renamed X.com and Confinity into Paypal and focused on developing the service. eBay Inc (NASDAQ:EBAY) purchased Paypal for $1.5 billion in 2002. After the deal Musk got $165 million in eBay Inc (NASDAQ:EBAY) stock.