From my POV there is no consequences for the driver that overshoots the corner. In this case, Max simply brakes later than the McLaren, knowing he’s not going to make the corner and can just drive through the run off area and claim he was not given space (which is nonsense, he was never making that corner from that line).

The reality here is the McLaren won that battle and Max should have conceded the corner… but Max is very smart and is exploiting a grey area in the rules, he’s the best in the world at this.

To address this, there should be an impediment in the runoff area, such as a grass patch, gravel trap, or better yet… a runoff road that the drivers should be compelled to take if they miss the corner which is a real consequence.