The seven-time Formula One champion will leave Mercedes at the end of this year to join Ferrari on a multi-year deal.
The "Ferrari" star said "time stopped" during the traumatic incident.
The "Creed" star reportedly offered no explanation to LAPD for the wreck on Sunset Boulevard.
The actor offered a frank response to an audience member's take on scenes from "Ferrari."
The 4-time F1 champion said that he wants to spend more time with his family.
"We are not a Drive-Thru," the "Vanderpump Rules" star quipped after the crash.
The Elizabeth Banks-directed reboot bombed at the box office with an $8.6 million domestic haul.
Members of a criminal gang allegedly wanted to hold his body for ransom.
The Ferrari was one of 15 luxury sports cars that the 20-year-old owns.