Elon Musk totaled a $1 million McLaren with Peter Thiel riding shotgun — and hadn't bought insurance

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Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTBrian O’ConnellSun, September 20, 2026 at 11:00 AM GMT+2 5 min readwoodsnorthphoto / Shutterstock; Frederic Legrand / COMEOAs if parallel-parking rockets in space wasn't enough, Tesla [NASDAQ: TSLA] and SpaceX [NASDAQ: SPCX] founder Elon Musk also once took a shine to hightailing around Silicon Valley in a classic $1 million McLaren, and subsequently totaled the vehicle with none other than billionaire financier Peter Thiel along for the ride. What's more, the world's wealthiest individual was driving without auto insurance when the crash occurred.The year was 2000, and Musk had cash to burn after his Zip2 windfall, after he sold the online city-guide software company to Compaq for $307 million in 1999.Must ReadJeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being oneDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake.