In a shocking announcement, co-owners Tony Stewart and Gene Haas revealed that Stewart-Haas Racing (SHR) will cease operations at the conclusion of the 2024 NASCAR season, marking the end of an era for the championship-winning team. The decision did not come lightly, as Stewart and Haas acknowledged the immense commitment and resources required to compete at the highest level of motorsports. Despite their success, which includes two NASCAR Cup Series titles in 2011 and 2014, the duo felt it was time to "pass the torch" due to the demanding nature of the sport.

Established in 2009 through a partnership between Stewart and Haas, SHR quickly rose to prominence, with Stewart capturing the team's inaugural NASCAR Cup Series win at Pocono Raceway that same year. The following seasons saw the team expand to a four-car operation, adding drivers like Kevin Harvick, Kurt Busch, and Danica Patrick to their roster. Harvick's arrival in 2014 proved to be a pivotal moment, as he and crew chief Rodney Childers delivered SHR's second Cup championship that same year. SHR's impact on the sport is undeniable. The team has collected 69 Cup wins, 339 top-five finishes, and 695 top-ten finishes throughout its tenure.

Despite the impending closure, Stewart and Haas have vowed to maintain their commitment to their personnel, partners, and fans through the 2024 season finale at Phoenix Raceway. The team will work diligently to assist their employees in finding new opportunities beyond the 2024 race season.