Charles Leclerc acknowledged he was "too greedy and paid the price" as he span out from third and finished sixth at the Emilia Romagna Grand Prix.
Despite qualifying second behind Max Verstappen following Saturday's sprint race, Leclerc slid down to fourth on the opening lap as Sergio Perez and Lando Norris found a way past him.
Although he was able to overtake Norris, Perez's exemplary defence kept him at bay and he was unable to get close enough when the track was finally deemed dry enough for DRS to be enabled.
With the front two out of reach, Leclerc opted to switch to soft tyres and chase the fastest lap to deny Verstappen the additional point.
However, an error at the Variante Alta saw him hit the barriers and forced him to pit again.
Leclerc was ninth when he returned to the track but managed to climb back up to sixth, meaning his championship lead was cut from 45 points to 27.
"It's a big shame. Whatever happened before the spin, these are details and it's part of racing. The spin shouldn't have happened today," Leclerc said on Sky Sports.
"P3 was the best I could do. We didn't have the pace for much more and I was too greedy and paid the price for it and lost potential seven potential points compared to the third place I was in. It is a shame, it's seven points that will for sure be valuable at the end of the campaign, but this shouldn't happen again.
"For sure, Red Bull seem to be more competitive than the first three races. We had the upper hand in Bahrain and Australia, then they had it here and in Jeddah.
"It is very, very close and I think it will be that way for the rest of the season. It's a big mistake but the consequence considering the mistake could've been much bigger. It's only seven points today but it could cost more the next time, so I need to be careful."
Ferrari got zero points through Carlos Sainz, who got stuck in the gravel following contact with Daniel Ricciardo at the first chicane on the opening lap.
Sainz said: "It was very bad, definitely. A tough moment.
"It's not at all the way I wanted to go out in front of the fans. Turn two can be bad, but there are always these tough moments in the life of the sportsman and you have to go through them.
"As long as I keep working hard, the good times will come."
Hamilton lauds 'quite incredible' Ferrari form ahead of 2025 move
Lewis Hamilton said watching Ferrari and McLaren overhaul Red Bull in the Constructors' Championship has been "quite incredible" ahead of his move to the Italian team.
Red Bull appeared to be set for another dominant year on track after Max Verstappen won seven of the first 10 races, with team-mate Sergio Perez also securing four podiums.
However, Red Bull endured a mid-season struggle, with Verstappen failing to win in 10 races before his stunning wet-weather display at the Brazilian Grand Prix last time out.
The Dutchman is on the cusp of a fourth world championship after title rival Lando Norris could only manage sixth in Interlagos, leaving him 62 points behind in the standings.
But going into the final three races of the season, Red Bull find themselves third in the constructors' championship, 44 points behind leaders McLaren and 13 adrift of Ferrari.
Before Verstappen's victory in Brazil, Ferrari had claimed back-to-back victories in the United States and Mexico.
Charles Leclerc, Hamilton's team-mate for the Scuderia next season, won in Austin to emerge victorious for the eighth time in the competition.
That triumph was then followed up by a win at the Autrodromo Hermanos Rodriguez by Carlos Sainz, who will make way for Hamilton and join Williams next season.
And Ferrari's recent displays on track have Hamilton excited about the potential of challenging for an eighth world championship next season.
"I'm very interested in my future, of course," said Hamilton. "And so, in that respect, keeping an eye, yeah. Watching everything that happens."
"If you look at somewhere like maybe China already, the Red Bull was like a second ahead.
"And it's been quite incredible to see the McLaren rise and then the Ferrari in the last few races, to see their progress and just trying to keep an eye on everyone's car and what they're changing and what they're adding.
"You know, we all watch the video, all the drivers, we all watch the onboard laps and we're always trying to see where we can gain time.
"And there's some cars that just react differently and better or worse in certain areas.
"And you're trying to figure out how you can find that within either your balance or get the team to develop the car in that direction."
Hamilton could 'take a holiday' after Sao Paulo disappointment
Lewis Hamilton says he "could happily go and take a holiday" instead of finishing the season after a dismal showing at the Sao Paulo Grand Prix.
He made early exits in both qualifying sessions and started the race at Interlagos from 15th on the grid.
However, unlike Max Verstappen, who impressively won the race having started in 17th, the Brit struggled to mount much of a fight, coming away from the weekend with just one point after finishing in 10th.
His performance was made to look worse as team-mate George Russell had been battling for the lead but narrowly missed out on a podium place as he finished fourth.
Hamilton only has three races left with Mercedes before his move to Ferrari next season, bringing an end to their 12-year partnership.
But he was left frustrated in Brazil, expressing his disappointment with the car.
"We were just slow," Hamilton told Sky Sports F1. "The car was really, really tough. I do really want to say still a big thank you to the guys in the garage. They turned up super early this morning and still did a great job throughout the weekend.
"The team could have won also, so at least one car was behaving a lot better.
"The car is like a plank of wood. It's like no suspension.
"It's bouncing on the tyres everywhere, and you can't get on the power anywhere. It's just the worst ride, I think the worst ride that we've definitely ever had, particularly through corners. It's just so stiff.
"But hopefully we won't have any more bumpy tracks. I think the last three aren't so bumpy. But yeah, I could happily go and take a holiday."
Norris claims Verstappen 'got lucky' in Brazil as title hopes fade
Lando Norris said Max Verstappen benefitted from a rule "no one agrees with" as he won a dramatic Sao Paulo Grand Prix to leave the McLaren's title hopes hanging by a thread.
Verstappen surged to a terrific victory from 17th on the grid in Brazil, with Norris faltering after starting on pole.
Norris and Mercedes' George Russell – who were vying for the lead – both pitted on lap 29, but that strategy backfired as the red flag was shown following a crash involving Franco Colapinto.
With the race suspended, Verstappen was also able to change tires for the restart, negating Norris' advantage from pitting as the world champion raced to a commanding victory.
Norris had cut Verstappen's drivers' championship lead to 44 points by winning Saturday's sprint race but now sits 62 points adrift with just three races of the season remaining.
The Brit refused to hit out at McLaren's strategy after the race, though, putting his struggles down to bad luck.
"I have faith in the team in what they are saying and they have trust in me," he told Sky Sports F1.
"It was just unlucky. I don't care about the hindsight side of things, that's luck for them, nothing more.
"They got lucky on a rule that no one agrees with. Probably they agreed with it today but every driver has disagreed with it in the past.
"Today it benefitted them, it could have benefitted us if we just stayed out, but that's a stupid thing to think of.
"Just a bit unlucky today, nothing more. Of course, disappointing. Max drove well. He got a bit lucky but that's life."
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