Formula One teams are organizations that design, build, and race high-performance cars in the Formula One World Championship. Each team consists of engineers, mechanics, and drivers who work together to compete for points in a series of races held around the world. There are currently ten teams in the championship, each with two drivers. Notable teams include Mercedes, Ferrari, and Red Bull Racing. Teams are responsible for their own car development, strategy, and pit stops, making collaboration and innovation crucial for success in the highly competitive sport.