Sergio Perez's future with Red Bull is under scrutiny due to his disappointing performances in the 2024 season, despite a recent two-year contract extension. Perez has faced multiple setbacks, including DNFs and poor qualifying results, which have led to speculation about him being replaced by Daniel Ricciardo. Perez's struggles are exacerbated by recent incidents, such as damage to his car and mistakes during races, contributing to his poor form. Ricciardo has shown improvement, finishing inside points in recent races, making him a potential candidate to replace Perez. Team principal Christian Horner has issued a warning to Perez, emphasizing the need for significant improvement. Red Bull's constructors' championship hopes are at risk, with Perez contributing only 33% of the team's points this season.