Oh gosh, no, clearly they are bad terms. Deals don't happen for a lot reasons, o rational person would want to these terms understanding risk.

And it's doubtful Musk was so dumb he'd enter into this contract 'just for fun' knowing the terms.

I suggested he did want to buy it, got bad advice or didn't listen to his bankers, and then the market crashed, and now he's in a bind.