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

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