On April 8, 2025, just days after his dominant victory at the Japanese Grand Prix, Max Verstappen caused yet another stir, this time off the track. The Dutch Formula 1 driver, currently leading the world championship, turned down a lucrative $30 million sponsorship deal offered by none other than Elon Musk, the eccentric billionaire behind Tesla and SpaceX. According to sources close to Verstappen, Musk had approached him about attaching his name and image to a new project, possibly related to Tesla’s entry into motorsport or a futuristic technology initiative. Verstappen’s response was short and sweet: “Use your money for something better.” The words have taken the world by surprise and led to a wave of speculation about his motives and the wider implications for the sport.
The rejection comes at a time when Verstappen appears to be at the height of his powers. His recent victory in Suzuka, where he beat Lando Norris by more than 20 seconds, cemented his position as one of the most dominant drivers of his generation. His contract with Red Bull Racing, which runs until 2028 and earns him an estimated $50 million a year excluding bonuses, already makes him one of the best-paid athletes in the world. In addition, income from personal sponsorship deals with brands such as Jumbo, Heineken and EA Sports is pouring in, pushing his estimated net worth towards €200 million. An extra $30 million from Musk would have been a significant boost, but Verstappen appears to have other priorities.
Insiders suggest his decision stems from a mix of principles and strategy. Verstappen is known for his no-nonsense attitude and focus on racing over commercial distractions. “Max is not someone who just associates his name with something,” said a source close to the Verstappen camp. “He wants control over his image and only works with partners who align with his vision.” Musk, with his controversial statements and unpredictable behavior, may not fit that mold. Moreover, Verstappen is said to be aware of public perception; a deal with a billionaire who is regularly under fire could damage his carefully built reputation as a down-to-earth, hard-working driver.
The words “use your money for something better” also resonate more broadly. They seem an implicit criticism of Musk’s priorities, which have ranged from ambitious space plans to impulsive purchases like Twitter (now X) in 2022. Verstappen, who lives in tax-friendly Monaco and enjoys a luxurious lifestyle, has never spoken much about societal issues. Yet his remarks could be seen as a call for more meaningful investment—perhaps even in motorsport itself, where smaller teams struggle with budgets while the top ones flourish. It’s a rare moment when a driver not only turns down a financial offer but also makes a statement.
It’s a rare rejection for Musk. The billionaire is used to his name opening doors, and his involvement in Formula 1 could have added a new dimension to the sport. Tesla’s technology, particularly in its electric propulsion, might have provided a bridge to Formula 1’s sustainable ambitions, which aim to be carbon neutral by 2030. But Verstappen’s rejection closes that door for now. It also raises questions about Musk’s next move—will he target another driver, such as Hamilton, who now drives for Ferrari and has a history with major brands?
In the Formula 1 world, Verstappen’s choice has been met with mixed feelings. Some praise his integrity; others see it as a missed opportunity to further globalize the sport. Red Bull team boss Christian Horner said in a statement: “Max knows what he wants, and we fully support him.” Meanwhile, social media is abuzz with reactions, ranging from admiration for his tenacity to jokes about what “anything better” than $30 million could be. One fan tweeted: “Max to Elon: ‘Just buy a few more rockets, I’ll be fine.’”
As the season continues, Verstappen remains focused on his fourth consecutive title. Musk’s rejection doesn’t change his dominance on the track, but it does underscore his unique position in the sport: a driver who not only wins races, but also charts his own course. For now, it seems that Verstappen’s “something better” is simply what he already has—the freedom to race on his own terms. And that, in a world of money and glamour, may be priceless.