This happens on Ferrari GT2 class as you can see on the steering wheel there is the reflection of the trees it feels like the car is convertible and reflected the outside.
Xbox Series X performance RT mode update 10
They apparently finally decided to disable RT reflections in the cockpit view for some materials like carbon & steel (because it made absolutely no sense & was horrendous) so the fall back is cube maps unfortunately.
This was an online race on le mans and it was raining and I noticed the reflection of trees from the sides of the track showing on steering wheel I was like what? They were literally on the steering wheel, showing the trees from the left and right side of the straight of the le mans part. It’s horrendous anyways that white glowing stuff I can’t use cockpit view with that …