Chaos: 3,000-HP Car from Spyros Panopoulos Automotive

If this is not a muscle car on steroids, I don't know what is. Yet, why so much horsepower? Isn't there a limit on how much power a car can transfer to the road to make itself move? Given the ratio of HP/weight, the car weighs about 1000 kg, no data about dry/max/with driver etc. I don't believe there could be tyres that can stick to the track good enough to transfer all 3000 HP down to the asphalt.