Labonte began the 2001 season with a seventh-place finish in the Bud Shootout. At the Daytona 500, he and his teammate Tony Stewart were two of the 18 drivers involved in a crash on lap 173. Labonte's hood broke off and got attached to Stewart's car, which flipped over twice. After getting out of his, Labonte was seen checking on Stewart to make sure he was okay. The accident was overshadowed by Dale Earnhardt's fatal crash on the last lap of the same race.