What is the value of result when promise.race execues?

Refer to the code below:

let car1 = new Promise((_ ,reject)=> setTimeout(reject,2000,"Car1 crashed in"));

let car2 = new Promise(resolve => setTimeout(resolve,1500,"Car2 completed"));

let car3 = new Promise(resolve => setTimeout(resolve,3000,"Car3 completed"));

Promise.race([car1,car2,car3])

.then(value=>{

let result = `${value} the race.`;

}).catch(err=>{

console.log('Race is cancelled.',err);

});

What is the value of result when promise.race execues?

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