Well although Poboy has a rather rude tone,
he as well has a good point in his comment.
spraying wd40 on a TC is not a smart move at all..
as machinist said, it'll instantly ruin the belt; it can also wash off the internal lube;
and cause all sorts of nasty effects.
So, now the important thing for you to do is a full maintenance on your TC.
(take it all apart, clean it thoroughly, and use nothing but drylube on the internals)
if you need a step by step instruction, just ask, we will provide all the info needed.
Question remains:
what's the weight of the kart (estimate) and what's the wheel size and gear ratio;
if that's off, nothing will help to solve the original issue but to correct the gear ratio.
'sid