I can tell you here in Los Angeles, Kaliban there would be a fit thrown even if it had the required orange tip. Heck, even if it was completely orange!
What do I think? There is nothing wrong with it. Clearly it's not loaded (I can't tell if the bolt is open so I suppose it could have one round chambered).
The problem is firearms are not visible enough. So people "Ass-U-Me" there is something wrong. In many (most?) States that is a legal way to transport such a firearm.
The more firearm ownership is hidden the more out of the ordinary, and thus "evil", civvy firearm ownership becomes.
About 20 years ago I lived in Houston, TX. Pres Bush (Sr) came for a visit. The Secret Service pulled a guy over for having a hunting rifle in his Jeep's rifle rack. Holy Moley!
He even said he was going "Hunting!" The SS dolts finally called the Texas Department of Public Safety (Highway Patrol in other States) who quickly informed them "Let him go!" It's perfectly legal in the Great State of Texas to travel that way.
Sorry but to many laws are passed to compromise. Then 2 years later compromise again, and again.