Assuming this article were true, these competition/completion Cobras still cannot be sold in CA as completed cars, unless they've learned from prior mistakes and will create some shill/shell companies.
A "home-made, specially constructed, or kit vehicle" is a vehicle that is built for private use, not for resale, and is not constructed by a licensed manufacturer or remanufacturer. These vehicles may be built from a kit, new or used parts, a combination of new and used parts, or a vehicle reported for dismantling (junked) that, when reconstructed, does not resemble the original make of the vehicle that was dismantled.
And I'm sure they'll hire some minimum wage worker to stand in line on January 4, 2016 to get as many Certificate of Sequences as they need for CA buyers?
