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Formula 1

Max Verstappen Dominates F1 Pre-Season Testing

Verstappen Sets the Pace

Max Verstappen has made a strong start to the 2024 Formula 1 season by crushing the competition in the first pre-season testing session in Bahrain. The Dutchman finished 1.14 seconds quicker than his closest rival, McLaren's Lando Norris.

Fans Write Off 2024 Season

F1 fans are already looking ahead to 2025 after Verstappen's dominant performance in testing. Many took to social media to express their anticipation for future seasons, with some jokingly saying they won't bother watching this year.

Verstappen's Reign Continues

After winning 19 out of 22 races last season, Verstappen is on track to continue his success in 2024. With fans already predicting another world title for the Red Bull champion, the upcoming season promises to be exciting.

Hamilton's Final Season at Mercedes

Seven-time champion Lewis Hamilton will be bidding farewell to Mercedes after the 2024 season, as he prepares to join Ferrari in 2025. Hamilton's absence on the first day of testing raised questions, but his teammate George Russell represented the team with a 12th place finish.

Frequently Asked Questions

What is the price of Formula 1 racing suits?

Formula 1 drivers wear racing suits that are made with fire-resistant fabrics and the latest technology. These suits are priced anywhere between $2,000 to $5,000. This is a reflection of their custom-made nature and the advanced features they provide.

What are the annual operational costs of a Formula 1 team?

Operational costs for a Formula 1 Team can be substantial. These include travel, salary, and logistics. A mid-tier team spends an average of $120 million – $220million per season. Leading teams, however, can spend up to $400million annually.

What is the price of a Formula 1 engine?

A Formula 1 engine is among the most sophisticated pieces of machinery within the sport. Teams can spend up to $10 million just on the engine, which is the cost of the technology and performance required to compete at the highest levels.

How important are transport and logistics in Formula 1 costs?

Formula 1 racing is a highly competitive sport, with many aspects that are expensive and crucial. These include transport and logistics, which involves the shipping of cars, equipment and personnel all over the world. Teams spend anywhere between $8 million to $10 million each season on logistic costs, although larger teams and those with more equipment will incur higher costs.

How much is a Formula 1 Steering Wheel?

A Formula 1 Steering Wheel is a very complex piece. It’s packed with dials, displays, and buttons to control car functions. The cost of Formula 1 steering wheels can range between $50,000 and $100,000. This reflects the technology used in its design.


  • The budget cap introduced in Formula 1 for the 2021 season was set at $145 million, which is aimed to level the playing field.
  • Pirelli F1 tires cost around $2,700 each, resulting in a set of four tires costing approximately $10,800.
  • Formula 1 teams may spend up to $10 million on the engine alone, due to the high level of technology and performance required.
  • The operational costs for a Formula 1 team per season can range from $120 million to over $400 million, depending on the team’s size and aspirations.
  • A Formula 1 car’s carbon fiber body parts, essential for performance and safety, contribute significantly to the overall production costs of the vehicle.
  • The financial cost of a Formula 1 car crash can range from a few tens of thousands to over $1 million, dependent on the extent of the damage.
  • The cost of a full-scale Formula 1 simulator can reach several million dollars, with annual maintenance adding to the financial impact.
  • A Formula 1 team’s pit stop equipment can cost between $100,000 to $500,000 for high precision and speed during the race.

External Links

Ferrari’s explanation for F1 revenue and costs

How To

How to Calculate Wear & Tear Costs of a Formula 1 Car

Calculate the wear and tear cost of a Formula 1 vehicle by tracking component lifespans. Determine when to replace or overhaul components. Use the data collected by telemetry devices and mechanics after a race. Calculate the cost per race of tires, engine rebuilds and gearbox inspections. Include material costs, engineer man-hours, and logistics for parts delivery to the track.