1983 was a year of major change for Speed. He was now driving for an established owner in Hoss Ellington, however on a limited schedule. The team showed promise early in the season scoring a fourth at Rockingham and a sixth at Darlington. It was at Talladega where Speed's life took a major change. Towards the race's end, Speed was leading the field with a chance to win his first Cup race. He was beaten at the end by Richard Petty and Benny Parsons. After the race, Speed decided to change his life and become a devout Christian. The week after Talladega, Speed scored another top ten with a sixth in the World 600 at Charlotte. Speed's final top ten of the season was the August Michigan International Speedway race with an eighth-place finish. Speed finished 27th in the points standings.