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5 Non-Tesla Cars Owned By Elon Musk

Elon Musk, the CEO of Tesla Inc , had owned many different cars in the past. His first car was a 1978 BMW 320i which he purchased in 1994. The second car that Musk bought was a 1967 Series I Jaguar XK-E. The billionaire also owned a Hamann BMW M5 car and a Porsche 911.

Elon Musk

Musk is the 80th wealthiest person in the world, with an estimated net worth of $13.9 billion as of March 2017. In this post, we will discuss Musk’s five non-Tesla cars.

#1 1978 BMW 320i

Musk bought this car in 1994. In a Forbes video, Musk said that he himself fixed up this old car and drove it for two years.

He junked the car after one of the wheels fell off. The incident happened when his colleague was driving it.

#2 1967 Series I Jaguar XK-E

It was Musk’s teenage dream to buy an E-Type Jaguar. And he was able to buy the convertible when he received a dividend check of $40,000 for Zip2, a web software company Musk co-founded with his brother.

“That one was like a bad girlfriend — it kept breaking down on me and causing me all sorts of trouble,” Musk said of the car in the Forbes video.

#3 McLaren F1

In 1999, Musk co-founded online payment company X.com with $10 million from the sale of Zip2. X.com was merged with Confinity in 2000 to become PayPal. Two years after, eBay acquired PayPal for $1.5 billion in stock, including Musk’s share of $165 million. He used that money to buy the McLaren F1.

“I had it [MacLaren F1] for several years and I put 11,000 miles on it and I drove it from LA to San Francisco. I had it as a daily driver,” Musk told Pando Daily in an interview.

The McLaren was totaled during an accident in California. It happened while Musk was driving with investor Peter Thiel to meet with Michael Moritz, a venture capitalist with Sequoia Capital on Sand Hill in Menlo Park, California.

#4 Lotus Esprit Car

In 2013, Musk bought the Lotus Esprit car $886,000 from James Bond’s The Spy Who Loved Me to turn it into a submarine.

“It was amazing as a little kid in South Africa to watch James Bond in ‘The Spy Who Loved Me’ drive his Lotus Esprit off a pier, press a button and have it transform into a submarine underwater,” Musk told Huffington Post.

But he was “disappointed to learn that it can’t actually transform.” Musk said at the time that he “is going to do is upgrade it with a Tesla electric powertrain and try to make it transform for real.”

#5 Audi Q7

Musk also bought an Audi Q7.

“The Audi Q7 is particularly horrendous. Even in the best case scenario, you need to be dwarf mountain climber to get into the back seat,” Musk said.

Source: Business Insider, Teslarati

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Based in Saudi Arabia, Siraj has a strong understanding of and passion for accounting and finance. He has worked for international clients for many years on several projects related to the stock market, equity research and other business, accounting and finance related projects. Siraj is a published financial analyst on the world's leading websites including SeekingAlpha, TheStreet, MSN, and others.