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Musk's "flying car," in case there's any doubt, will never actually see any sort of meaningful commercial launch and exists entirely as stock-fluffing propaganda aimed at the U.S. tech media's unlimited supply of credulous dopes

I assume it's some kind of drone in a car-looking lightweight shell and they've solved exactly zero of the actual engineering, regulatory, or mass production hurdles to ever actually produce driveable vehicles at any meaningful scale (just like their nonexistent optimum robot)

magnets, guidelines, a fake shell of a car, I suspect we'll find out in a few weeks after leaks that will get 10% of the initial hype coverage

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Mostly empty shell seems the most likely answer to me. You could easily do everything the car did with a drone. Maybe the compressed air tanks really did work, but "flying" is a lot less impressive when looking at a 300 pound carbon fiber and plastic drone vs a 3000 pound metal and glass car.