Did Elon Musk sell his McLaren F1?
While showing off the F1 to PayPal (NASDAQ:PYPL) co-founder Peter Thiel, Musk crashed the car in dramatic fashion. It wasn’t insured. The two ended up hitchhiking to their meeting. The McLaren was repaired and later sold, but Musk’s desire to build something faster never faded. Musk famously crashed the uninsured F1 supercar in 2000 but had it repaired. Musk later sold the McLaren F1 in 2007, stating that as the CEO of an electric car company, it was an image problem to own a gasoline supercar.