The Shelby GT500 has always represented the pinnacle of Mustang performance, and the CODE RED edition takes this to an entirely new level. Born from an experimental project in 2008 and fueled by customer demand for even more power, the CODE RED is Shelby American’s most extreme Mustang creation to date. This limited-edition model transforms the already formidable GT500 into a twin-turbocharged monster, boasting up to 1,300 horsepower. But such unparalleled performance comes at a price, and understanding the MSRP of the Mustang GT500 CODE RED is key to appreciating its exclusivity and place in automotive history.
Shelby’s legacy is built on pushing boundaries, and the CODE RED continues this tradition. Historically, Shelby American has a history of experimental “EXP” vehicles, like the Green Hornet and Little Red, used to test innovative technologies. In 2008, the original CODE RED served as a testbed for twin-turbocharging the GT500. While that initial project was deemed too extreme for production, it laid the groundwork for the current model. The new production-ready CODE RED leverages advancements in technology and engineering to deliver incredible power and a more refined, albeit still radical, driving experience.
The heart of the CODE RED is a hand-built, twin-turbocharged 5.2L V8 engine. This powerhouse is significantly upgraded with high-performance components, a premium intercooled twin-turbo system, a new fuel system, and an enhanced engine management system. Running on 93 octane pump gas, it produces over 1,000 horsepower and 780 lb-ft of torque. When fueled with E85 Ethanol, the CODE RED unleashes its full potential, reaching up to 1,300 horsepower and 1,000 lb-ft of torque. This dramatic increase in power necessitates comprehensive upgrades beyond just the engine.
The Shelby GT500 CODE RED package includes a widebody conversion, accommodating wider wheels and tires for improved traction and handling. Suspension tuning is revised to manage the immense power, and cooling systems are enhanced to cope with the heat generated by the twin-turbo setup. Aesthetically, the CODE RED features unique badging, a carbon fiber hood, and an upgraded interior, setting it apart from the standard GT500. Each car also includes membership to Team Shelby and official documentation in the Shelby Registry, further emphasizing its exclusivity.
The MSRP for the Mustang GT500 CODE RED package starts at $224,995, and this price does not include the base Ford Shelby GT500. This reflects the extensive modifications, high-performance components, and limited production run of only 30 units (ten from each of the 2020-2022 GT500 model years). Production is underway in Las Vegas, and existing 2020-2022 Shelby GT500 owners can have their vehicles transformed into a CODE RED edition. The Shelby GT500 CODE RED is not just a Mustang; it’s a statement of ultimate performance and exclusivity, justifying its premium MSRP for those seeking the absolute peak of Shelby Mustang engineering.
