Speed remained with Moore for the 1994 season starting off with finishes of sixth at Atlanta, fifth at Darlington and third at Bristol, moving up to fifth place in the points. Two races later, Speed finished seventh at Talladega. It was during this time that Speed was inducted into the karting hall of fame. Speed would have to wait until the July Daytona race to get another top ten finish, a tenth. Speed and the team ran good through the summer stretch, often starting near the rear of the field but moving to the front. Unfortunately, Speed did not manage a top ten finish until Dover where he finished ninth. In the final four races, Speed had three great runs. A fifth at Charlotte, a tenth at Rockingham and a fourth at Atlanta where he led twenty laps. It wasn't enough for Speed to finish in the top ten in points. He finished eleventh behind Bill Elliott.