Elonmusk is just a big investor who has many business partners, when the price falls, nothing can make Dogecoin return to ATH when all coin prices are down, not just Doge, Butcoin is already -70% of ATH, you can see this situation is really complicated but everything will be bullish again when the 4 year Halving takes place.
Elon Musk can't do anything when it's a bear market as it is today, he is indeed an entrepreneur and has many followers who can be influenced to be able to make himself enjoy the benefits of it.
all coins are all affected and no one can escape this huge correction. just hope the bull market will come soon and is expected to happen when the halving comes, certainly long enough and to be able to prepare for this.