If Elonmusk is planning to make their own coin then my next step would be to monitor the latest status on their Twitter account and there's no harm in taking advantage of the Hype from the guy, but remember to leave once you've made enough profit. from the other side I'm sure he could easily do the hype like Doge.
Yes, Elon Musk is a person who is able to create Hype on certain coins for a while,
so that if someone is late to follow the Hype, then he will be a victim who will suffer losses for it.