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Then he immediately wrecked his (uninsured) McLaren:
https://www.thedrive.com/news/32191/did-you-know-elon-musk-wrecked-an-uninsured-mclaren-f1
I don't understand people buying such high-end toys and not bothering to pay for some training.
Seriously. Racing school was fun and only $1,500! Yeah that was serious money for me, but I thought it was a good investment/ birthday present. For him though.... That's like a quarter.
Uninsured is also just strange. Even if I bought a junked supercar, rebuilt the thing myself, and didn't care if I wrecked it, I'd still insure the thing.
Today, yes, but back then he was just another dot com millionaire. Remember, that footage was before PayPal, so he probably had about 300M, tops. A million was still only a fraction of his wealth, but it was still a noticeable fraction.
Even so, I seriously doubt the $1500 he could have spent to learn to drive the thing properly would have been a serious expense.