A 1000000000hp equivalent electric truck generating much tork would probably lift off and fly to the Moon, or dig itself so deep it would melt in lava. In the meantime, a cybertruck with 3 motors (or 4) may soon (2023?) challenge Ferrari.
Training time is a massive constraint on advancement of the science, so at the very least the field would progress much faster and be much more accessible to researchers.
I feel people are overlooking the OP's mention of parallel improvements in storage and speed of access. While there are physical limits to this, I feel like capabilities will continue to expand not so much in terms of pure speed as in better automation of parallelization and resource allocation.