Watch a young Elon Musk get his first supercar in 1999
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After selling Zip2 in 1999 for $22 million, Elon Musk’s first significant expenditure was a $1 million McLaren F1. The tale goes that Musk crashed this uninsured supercar a few months later while attempting to impress Peter Thiel. | History In Pictures
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After selling Zip2 in 1999 for $22 million, Elon Musk made headlines with his first big purchase: a McLaren F1 supercar. At the time, it was one of the fastest and most exclusive cars in the world, with only 106 ever made. Musk spent approximately $1 million on the vehicle. In a now-famous anecdote, Musk wrecked the car in 2000, while driving without insurance, but fortunately, neither he nor his passenger, Peter Thiel, were injured. | History In Pictures
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Elon Musk bought his McLaren F1 supercar in 1999 after selling his first company, Zip2, which earned him around $22 million. The McLaren was one of the rarest, fastest cars in the world at the time, costing nearly $1 million. Later, in 2000, Musk took Peter Thiel for a ride in the McLaren in Silicon Valley. While demonstrating its power, Musk accelerated, lost control, and spun out, crashing the car. Remarkably, neither he nor Thiel was injured. The McLaren, however, was significantly damaged—an
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