Technically, you are referring to stretch past yield bolts. They are very common on modern engines, and yes, only one use and they get tossed.
Just a little refresher on metal behavior, any time you put a load on a bolt, it stretches. Up to its yield strength, it acts like a spring. Double the load and it stretches twice as much. But as long as you stay below the yield strength, it will return to its original length when the load is removed. All the bolts on our TR's are reusable indefinitely, so long as they don't get damaged or corrode.
Many modern engines use bolts that are torqued past there yield strength, but not past their ultimate strength. Ultimate is when they snap. When you remove these bolts, they are permanently stretched longer than when they were installed. They use them because they hold better with highly stressed parts.
Most of the bolts in car engines are steel alloy. Aviation does use actual aluminum bolts. They should never be re-used for a different reason. Aluminum has a limited fatigue life, so you cannot risk re-using an aluminum bolt. Aluminum bolts really have little use in cars, since most people don't inspect cars like planes are inspected. If you use an aluminum bolt long enough it will snap.