My first car was a '74 Trans Am with a built 455 that would break the N50-15 Mickey Thompsons loose at 45mph just as easily. It plowed and understeered like a barge in hard corners but with too much throttle it would snap the rear around in the blink of an eye. I drove it for two winters on the icy roads of northern Alberta. THAT was a scary ride.
Anyone owning a Cobra should do what is often advised - take it and flog it in an empty lot somewhere so you can see how easily it breaks loose and what happens when it does. If your car is well set up, you should find that it is capable of smoking the tires and spinning on a dime all day long, but it will only do that if YOU make it.
It goes without saying that 500+ HP and torque in a small 2500lb car is going to be an E-ticket ride, but it isn't going to go off and create carnage all on it's own. It will if you forget you're not driving a Honda Civic and snap a downshift and stomp on it when you pull out to pass, or even if you decide to goose it hard in any of the first three gears.
If you're used to driving fast in a modern car with traction and stability controls, you definitely need to take a your new Cobra on a crash (no pun
) course in parking lot drifting before you go hunting Vettes on the open road.