is it? I really fail to see the metaphor as an F1 fan. The cars do not change that much; only the setup does, based on track and conditions. The drivers are fairly consistent through the season. Once a car is built and a pecking order is established in the season, it is pretty unrealistic to expect a team with a slower car to outcompete a team with a faster car, no matter what track it is (since the conditions affect everyone equally).
Over the last 16 years, Red Bull has won 8 times, Mercedes 7 times and Mclaren 1. Which means, regardless of the change in tracks and conditions, the winners are usually the same.
So either every other team sucks at "understanding the requirements and the technical challenges" on a clinical basis or the metaphor doesn't make a lot of sense.