Extreme poor FPS in VR

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Please tag your post with #pc and/or #xbox.
PC with HP G2

Are you on Steam or Microsoft Store version?
MS Store

Do you have any add-ons in your Community folder? If yes, please remove and retest before posting.
Done, no change!

Are you using Developer Mode or made changes in it?

Brief description of the issue:
I have around 10-18FPS in VR with black corners while moving the head.

Provide Screenshot(s)/video(s) of the issue encountered:

Detail steps to reproduce the issue encountered:
Start VR and fly!

PC specs for those who want to assist (if not entered in your profile)
3080, 32GB RAM, Ryzen 7 3700x, 570MSI

Build Version # when you first started experiencing this issue:
latest update

Are you on the Steam or Microsoft Store version?
MS Store
Did you submit this to Zendesk? If so, what is your ticket #?