Shelby American is no joke when it comes to building ridiculously powerful Shelby Mustangs. When they are about to release something, it’s usually go big or go home. It looks like the company may have a few tricks up their sleeves again.

Well, Shelby has teamed up with Nelson Racing Engines to create a monster dubbed “Code Red” that will likely eat most other performance vehicles for breakfast. The heart of the beast is the 5.4L V8 with a long list of modifications. One of those mods, well, two of those are twin Turbonetics turbochargers.

Not only can it run on both race and street fuel, but it comes with boost control that offers different levels of boost for each gear. This isn’t based off a brand new ’13 Shelby, but a 2008 model year GT500 and is still in prototype stage.

What kind of numbers is this thing putting down? Well, don’t be shocked at 1,000 horses at the rear wheels. Let me repeat that. It’s going to make over 1,000 rear wheel horsepower! This isn’t flywheel we’re talking here.

Making a crazy amount of horsepower requires a few things to keep all of those ponies in check. This thing features Shelby/Eibach adjustable suspension, 9-inch Currie rear end, 14-inch big Baer brakes for big stopping power, a ten point roll cage, and of course a few other goodies thrown in there. Just waiting on the go ahead for production. If and when it gets that far, it will likely cost a pretty penny at about $100k.

What do you think?