Even Tesla's (TSLA) - Get Report  Elon Musk should be impressed by a new Mercedes-Benz hypercar coming to market soon.

Mercedes will unveil its Project One hybrid hypercar at the Frankfurt Motor Show this week. It will have a turbocharged 1.6 litre V6 engine. The combustion portion of the vehicle will pump out 748 horsepower, while the car's four electric motors will assist with an additional 408 horsepower. Power will go to all four wheels, with the front axle being driven by electric motors.

The luxury car maker stopped compiling a list of potential U.S. Project One buyers on March 17, according to Road & Track. Only about 275 will be built.

The Project One could cost close to $2.4 million when first deliveries begin in mid-2018. 

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