The Audi R8 hit the tree on Oldbury Road, near Mallin Street, in Smethwick, just before 10.45pm on Sunday with investigations being launched.
Police have urged anyone with information to get in touch with them as they aim to establish the full circumstances behind the fatal collision.
Councillor Parbinder Kaur, who represents the area, said: "It's a dangerous road as we've seen a number of incidents and crashes on it over the years and we need to start looking at the road and the health and safety aspect of it.
"I think it is as dangerous as it is because people drive far too quickly down it and it's become something of a hotspot for people speeding.
"To me, the residents around there need to start speaking to their local councillors to find a solution to the problem as something clearly needs to be done there, whether that is through speedbumps or speed cameras.
"There needs to be something done as we've seen a young man lose his life, which is truly awful, and I would want to avoid this happening again."
A spokesman for West Midlands Police said: "A man in his 20s was tragically confirmed dead at the scene shortly afterwards and our thoughts are with his loved ones at this terrible time.
"An eight-year-old boy who was a passenger in the blue Audi R8 sustained minor injuries. We've carried out initial enquiries at the scene and the road has now reopened.
"We're keen to hear from anyone who was in the area at the time and has information which will help us establish the full circumstances. We're particularly interested in any dash cam footage."
People can contact the force via live chat on their website and quote log 3714 of May 1. Alternatively, contact Crimestoppers anonymously on 0800 555111 or at crimestoppers-uk.org