I think you need a helicoil or timesert. You're not trying hard enough in the garage until you've gotten yourself into a situation where you need a helicoil or two, haha.
The threads in the hole look to be gone. The bolt picture shows (I think) aluminum material in the threads of the bolt. I think you bolt is fine (you should still use a new one) and the aluminum in the hole gave way. It would be extremely unlikely/impossible to strip steel threads out on an aluminum hole. Steel is much stronger.
I assume you have a Home Depot. At Home Depot, they have a wide array of bolts and even taps and dies. I believe that is an M8 or M10, but if it's really big it might be M12. Generally, Toyota motors will only contain those bolt sizes and only the fine thread. Go to home depot with your stripped bolt and see if you can match the size and thread to one of their example thread plates or to the random bolts in the special hardware trays.
A good tap and die set is a good investment if you're going to do home mechanic work. You'll need it more than once.
I have this:
https://www.amazon.com/GearWrench-82812-Piece-Large-Combination/dp/B001GMVA64/?tag=ihco-20
But this would also work:
https://www.amazon.com/GearWrench-82812-Piece-Large-Combination/dp/B001GMVA64/?tag=ihco-20
The tap and dies won't fix your hole in this case, but you could clean up that bolt.
Here's a helicoil set:
Amazon.com: Helicoil 5543-10 M10 x 1.25 Metric Fine Thread Repair Kit: Home Improvement
Be careful fixing this. It's kinda like surgery. You can fix it, but you could also makes things a whole lot worse if you don't know what you're doing.