I mean he already said the word AI which means he is going to likely favor output volume over the love indie devs and old companies poured into their games. So chances are very slim. Knowing him, I guess the game will be about some genius who tries to save the world and go to Mars and be the sole male responsible for repopulation. So yeah, it might turn into a Larry game which takes itself too seriously.

He's made it abundantly clear how much he despises the entire concept of labor, of having to pay money to people to do the things that actually make a company work. He will not be able to build a company that actually makes games with that kind of disdain for the single most important resource required to make them. And his strategy of acquiring an existing company and gutting it afterwards won't be nearly as effective in the games industry, where you have to be continuously producing NEW content.

I loved it when Amazon, Google, and Netflix got into the gaming industry and tried to throw billions of dollars and their startup software expertise to "revolutionize" game studios.

Releasing even bad games is already a feat. Considering how Musk doesn't know how to run a web development company I would be surprised if his "game studio" releases anything. The only way that company releases anything is if Musk won't be involved, and we know the "expert at everything" will be involved.