C'mon guys... The only thing FIAT about this car is...
the wording on the registration and the matching VIN number.
Its a home built car (prototype) and if someone had a registration document and matching VIN... it could even be a '57 Chevy.
Even in CA there are about 100 allowable registrations a year for TRIBUTE cars where the BODY of the vehicle represents a car that was built somewhere in the past. Like a '32 Ford Roadster that is built with all NEW materials.
A car is KNOWN for its BODY regardless of the drive train or chassis. I.E. a Shelby A/C Cobra with a Ford engine, a '32 Ford Roadster with a blown Chrysler Hemi, etc. etc.
Using this logic, this car would not fit that category either.
This car was registered or re-registered in such a manner as the car was not, nor did not require an inspection. I've done that myself... Using the Auto Club further isolates you from the DMV as well.
But if the registration is allowed to LAPSE over 7 years, it can no longer even be registered as "Non-Operational" as it is dropped out of the system. When my X1/9 took a 7 + year hiatus I hadta have the car re-inspected TWICE as the inspector (a brilliant individual...) miss-copied the VIN and left out one digit. I know of one individual that built a Street Rod out of a stock '41 Willys 4 Door and paid the FULL registration each year so as not to have any problems if it took him more than 7 years to complete the car (I think it ended up being 3 or 4 years...) I know he did this on at least 3 occasions and in his case, he wasn't stretching the law.
In this case... ahhhh... I'd say not so much.
Other considerations that would never be allowed in order for this car to be registered in full compliance of the laws are:
1. Windscreens cannot be Lexan, but great work Ricardo!
2. Windscreen tint too dark, but again Ricardo, great work.
3. Headlight covers, if not DOT approved, must be removed.
4. Headlight height less than 24" to the center of the lamp.
5. No Seat Belts.
6. No Front Bumper.
7. No Windshield Wipers.
... and there are probably many more "legal" violations that would "normally" keep this car from being registered. Even my phony T-Bucket Hot Rod needs to meet these requirements. (I am admitting that I do not have items 6 and 7... but I do have a representative Body with a REAL Model T Chassis number and Registration. The care-keeper for 11 years even got "Historical Vehicle" plates. I'm pretty sure he went through AAA as well. HA!)
This new seller may have some liability issues by calling it a "street-legal" vehicle even if it was assumed to be so when it was traded in. A regular buyer/driver may not be learned enough to know all the laws, but a dealer should!
Aside from all this... it would be a highly dangerous vehicle to drive on the 405 near Wilshire Blvd. One would likely be trampled by a UCLA Sorority Girl in her drop top Mercedes SL-whatever. Life expectancy in SoCal would be about 15 minutes.
It sure LOOKS cool though... and I kinda lust after it also. It would make a great track car if the proper safety equipment were installed.