In a word, "Ouch". However, I'm not well-versed enough to know if it's real or not. It looks like a copy from the bolt-on neck. I don't know how they made these back then.

http://cgi.ebay.com/Electra-Rickenbacke ... dZViewItem

The worst case of tail lift that I have seen! It won't be there for long.

Wow.... that instrument's seen better days, definitely.

How the hell would the bridge lift that much?

I'm thinking it has to be a knock-off. I can't tell, partly because of my monitor, whether it is or not, and besides I hardly qualify as an expert in vintage luthiery. But I've never seen anything like that.

Oh, duh, of course it's a knock-off. It's Electr-O, not Electr-A. Well that's what you get, I guess. Sorry about that.

The name's 'Electra'. 'Electro' is a Rickenbacker brand name. 'Electra' was one of the many poor quality Japanese 4001 knock-offs made in the '70s and, I think, early '80s. Even though I never cared for 4001 copies - and I'm sure nobody else in here ever did or does either - I'll give you a list of the 4001 fakes, so you'll be able to keep yourselves well away from them haha:
Greco, Ibañez, Cimar, Gherson, Aria, Electra, Nagoya, Sigma (by Martin I'm told), Diamond, Hondo, and a couple further ones I don't even care to remember.
The 'Electra' at issue seems to copy an early '70s 4001, with its 'three screw' bridge/tailpiece assembly, but on a genuine Rickenbacker bass said assembly would not have yielded to string pressure.

Thanks for that info. I was sure it had to be a knockoff, and after a while I recalled that Electro was the real name and that Electra was the knockoff brand. A Ric wouldn't do that at any age, I know. The whole thing is just so bizarre that I just had to share it.