I'm curious as to the efficiency of the motor (basically, how much of the input electric power is converted to motive power).
If it isn't very good, then it might be excellent for drag races, but maybe not so many others.
Also, any power that doesn't turn into torque, is likely to be expressed as heat.
Exactly my thought as well. You can have all the horsepower you want but if it doesn't convert the electricity efficiently, it's not going to be useful for normal consumer cars.
It would almost have to be very efficient -- they're saying it can do something like 500HP continuous, and it doesn't have enormous fins all over it for cooling.