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It was in the same weight range as what Ferrari was putting out at the time. Those stainless steel panels are very thin sheets over fiberglass. They don't add as much weight as you'd think.
Most of the other issues were fixed by VIN 3000, but their reputation was set by then. Getting framed by the FBI in a drug sting didn't help, either. It has a lot of very thoughtful features, like a gull wing door design that only comes out 11" and won't hit the car parked next to you.
It got caught up in a bunch of regulatory changes that were happening the late 70s/early 80s. Just a bad time to start a new car company, or to make a sports car at all. There aren't many memorable cars from the time period for anything other than looks.