F1 24 - Continues FPS Drops

I'm experiencing the same issue, I just built a new PC (RX 7800XT, Ryzen 7700X, 32GB DDR5) and this game is almost unplayable. The game will be running somewhat smoothly and then out of no where the frames will drop drastically making it so hard to get a good lap in. I've tried everything, reinstalling the game, drivers, and dropping to the lowest settings and locking the frames to 100 fps (should be getting to ~200fps easily on the lowest settings and probably more) but to no avail. I know it's a game issue because my F1 23 runs perfectly fine. Not sure what the issue is and I'm aware that this usually happens in F1 games at launch but hopefully they fix it soon.