I think if Elon musk drops his own coin it would not do well as we may think it would, why is that, to me Elon musk is double standard, tweet today in favour of something and against it on another tweet, I think investors may look at this before Investing, and obviously I won't get his coin if any comes out on mainstream, read up about Facebook coin and from my research it didn't do exciting things even with the amount of Facebook users, I think Elon musk coin if it comes out would do worse.
Still am only predicting, some alt-coins I didn't take serious did very well early this year, so crypto-currency prediction aren't concrete.
If Elon Musk did that before he shilled Dogecoin, it could have worked wonders. By now I think that people are more or less used to the effects he causes and nobody would really bet a whole fortune on his wild games he is playing.
Anyway, it is probably not going to be a flop if he launches a coin, but maybe not the success either that some people would expect!