Tire performance refers to how well a tire functions under various driving conditions. Key factors include traction, handling, durability, and fuel efficiency. Traction is crucial for grip on different surfaces, while handling affects how a vehicle responds to steering inputs. Durability indicates how long a tire lasts before wearing out, and fuel efficiency relates to how a tire's design can impact a vehicle's gas mileage. Proper tire maintenance, such as regular inflation and alignment checks, can enhance overall tire performance and ensure safety on the road.