Pit Strategy refers to the planned approach teams use during a motor racing event to manage their vehicle's performance and optimize race outcomes. This includes deciding when to make pit stops for fuel, tire changes, or repairs, which can significantly impact a driver's position on the track. Effective Pit Strategy involves analyzing various factors such as track conditions, tire wear, and the performance of competitors. Teams use data and communication to make real-time decisions, aiming to minimize time spent in the pits while maximizing speed and efficiency during the race.