No, it' s a wonderful mutant created by Africa's harsh climate plus a dash of natural selection.
It's called an Adenium Obesum, and yes, that's what it's supposed to look like. I did prune in the "eye" intentionally a few years ago to make it more Dalek-like though.
That's a 4 3/4 inch tall action figure Dalek next to it for scale, by the way.
These are wonderful plants, buy one if you ever get the chance. (bonded poly carbide armor not included)