Think Tesla's top-of-the-line, dual-motor-equipped P85D electric car is fast? Think again. Drive eO, an electric and hybrid car specialist in Latvia, is developing a one megawatt electric race car to take on the prestigious Pikes Peak International Hill Climb in June. The all-wheel drive "eO PP03" runs on a 50 kWh lithium-ion battery pack and six YASA-400 electric motors, capable of producing 1020 kW (1368 horsepower) and speeds of up to 260 kmh (162 mph). Drive eO says it'll be the "first one megawatt all-electric race car," and while we're not sure that claim is strictly accurate, it still sounds like a beast on paper.