No that is not wear, that will only show how hot your tires are.
@Oso Actual is correct, youd have to go through the telemetry.
@Speedster911 Not only is the gas gauge at the bottom right, but the actual gauge inside every car works as well.
That's what I also found about the BMW. If you aren't hammering the triggers it'll drive wonderfully. Your payouts are really close to what I got, but you got my driver/affinity points. I also pitted every three laps as well, but it's just sad that the AI does it every two laps.