Not Ranked
A little inside information on this: someone in the Cal DMV was taking money, probably from the entities noted within this thread, to title Cobra's as, for example, 1965 Ford's. He/She was caught and all those registrations are now subject to review and if you don't get with the program, turn in your plates, etc. they will take your Cobra. Unless, you've sold your Cobra to, for example, someone in another state.
With that said, the Cal Cobra owners that are involved paid the money to make the registration happen, so it was a risk to save money and that risk has now gone south.
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