There are some blends of plastic with race grade cars that can grab onto the M4 flat head screws with far greater force than you might expect. The root of the problem is when the chassis wears, the head of the screw wears with it and you loose depth for the bit to get into the head and to make matters worse is caked up mud/dirt filled into the screw head. It's a must for every racer to use a pick to remove the dirt but hard to get it all out and that dirt acts as sandpaper which causes the screw head to wear faster and eventually strip.
Chances are the chassis is so thin that it needs to be replaced anyway, but most folks will keep running the chassis until it eventually snaps