Context matters here. I think the joke is that this gender-swapped picture would really piss off Elon Musk in particular because he's so openly and proudly transphobic.
Yeah i don't think i would really like this sort of joke normally. But given he'd rather say his son died to the woke virus than admit he has a trans daughter... fuck elon.
Maybe, although I personally don't get that at all. Then again I'm not exactly a misogynist and do enjoy drag... Maybe I do want to see Elon in legit* drag after all. And I do mean something legit--not the diarrhea of frat bro tropes he'd inevitably lean into.
Can we get a fanfic going about Elon's secret drag performance addiction instead of ketamine? I'd probably read it, but I'd also be glad it exists.
Its not a misgendering. It is a mocking of his reverence to trump and cozying up ahead of the swear-in ceremony. If it pisses him off.. it's his own transphobia to blame. We're just encouraging him if he's an egg.