> I'm sure this is something Elon Musk would be trying to make
I am not so sure. An electric airplane at least has the effect of lowering greenhouse emissions, thus increasing, even by a minuscule amount, the amount of time we have on this rock.
But flying cars? This is something that would increase the world's energy consumption, for little benefit.
He has already tackled transportation with the Hyperloop. Those are flying cars(or trains, depending on your point of view). Only they are safer, more energy efficient and more economical.
Besides, adding wings to a car doesn't seem like something one would do, if trying to think from first principles.
Also, I think the flying suit was a joke (my inner child is hoping not).