The 2003 to 2004 Cobras, dubbed the “Terminator” by SVT engineers, have been subject to rumors suggesting they may produce more horsepower from their supercharged 4.6-liter V8 engine than officially advertised. It’s conceivable that Ford intentionally understated the power figures, possibly due to the previous controversy surrounding the 1999 Cobra, which fell short of its claimed 320 horsepower, registering only 285.
Late Model Restorations featured a Competition Orange Ford Mustang Cobra in a YouTube video. Remarkably, this vehicle remains entirely stock, save for the Nitto NT555 D2 tires and Ford Racing differential cover. With a mere 23,000 miles on the odometer, it retains a pristine, factory-fresh appearance.
In the video, the 2004 Cobra impressively records two dyno runs, each revealing 394 horsepower. Furthermore, it delivers a robust 377 pound-feet of torque at 3,100 RPM. These figures are quite remarkable for a nearly two-decade-old car. This demonstration underscores that the performance of a 2004 Mustang Cobra remains surprisingly competitive when compared to modern Mustangs.