I imagine it has a rev limiter which will prevent damage to the main mechaincal parts of the motor. It may have gone a bit too far and stopped the car from running (kindof a young person limiter

)
I doubt too much damage is done.
Maybe a relay or a loose wire.
Tom W
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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.

[SIGPIC]
..I also have a 427 Cobra replica with an aluminum chassis.