After He Sold His First Company, Elon Musk Chose A McLaren F1 Instead Of A House. The Choice Ties Directly To The Elusive Tesla Roadster

Benzinga_recent_news02:31

When Tesla (NASDAQ:TSLA) CEO Elon Musk sold his first company, Zip2, for more than $300 million in 1999, he suddenly had enough cash to buy just about anything. Faced with a choice of buying a house ...

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Faced with a choice of buying a house or buying a car, he went with the car. But not just any car, the ultra-rare McLaren F1.\n“19 years ago, when my 1st company got bought, I had to decide between buying a house in Palo Alto or a McLaren F1 (best car ever imo). Was no contest,” Musk tweeted in 2018. “I bought  F1 & a small condo that was much cheaper than the car.”\nDon't Miss:\nThe McLaren, one of the fastest cars in the world at the time, wasn’t just a flashy splurge. It reflected Musk’s obsession with pushing limits on the road, in technology, and in life. He even used the $1 million supercar as his daily driver.\n“I’ve never raced anyone with McLaren,” Musk told former tech journalist and entrepreneur Sarah Lacy in 2012. “I had it for several years. I put 11,000 miles on it, and I drove it from L.A. to San Francisco. It was my daily driver, which is a crazy car to have as a daily driver, particularly on the 405.\nFast forward to 2017, and Musk unveiled the next-generation Tesla Roadster, a car designed to beat everything the McLaren F1 represented, only electric. He called it “the fastest production car ever made.”\nTrending: Deloitte's #1 Fastest-Growing Software Company Lets Users Earn Money Just by Scrolling — Accredited Investors Can Still Get In at $0.50/Share.\nMusk, known for setting ambitious timelines, once again offered a hedged update. Tesla is planning a demo for April 1. “I have some deniability cause like, I could say I was just kidding,” he said at Tesla’s annual shareholder meeting in November.\nSee Also: Why Billionaires Like Warren Buffett Prefer Real Assets Over Speculation—Institutional Real Estate Is Now Accessible to Individuals\nEven die-hard Tesla fans are skeptical at this point. The original unveiling in 2017, alongside the Tesla Semi, included promises of delivery within three years. Depositors who paid $50,000 are still waiting, and while the new trademark filings give Tesla branding protection, they don’t guarantee production.\nStill, the story of Musk’s McLaren is more than a fun anecdote. It’s a clue into how he thinks: build the future, no matter how long it takes.\nFor investors who want pre-IPO exposure to transformative technologies like AI, Fundrise offers a way to get in earlier without needing institutional-level wealth. Check out their venture portfolio today. Start investing in minutes and with as little as $10.\nRead Next: Put professional stock research to work in a single ETF — explore Motley Fool Asset Management's factor-based funds.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2610968357","isCrawlerRequest":true}