Yeah, it is. Another story about this, posted earlier on FR, noted that there is an 85’ embankment at the end, and the car went off the runway, up the embankment, and into the air - much like a ski-jump.
My guess - debris on the runway and/or not paying attention to how much runway was left in the quest to see how fast the new BMW was. Or, it could be the “Hey, watch me recreate the bootlegger turn in Tokyo Drift at 100 mph!” stupidity factor.