Yup, but of course more than one person has to agree for this to actually happen. Which is not the case for other apps, like Twitter/X. If Musk wants to remove a government, he has only to promote "free speech" and let falsehoods and misinformation dominate his platform.
geopolitics aside could a turing machine identify misinformation / programatically check whether something is true or not? because even among humans there is no agreement
If a government can be removed easily with "mis"information then maybe it does not deserve to be in power in the first place. Maybe if politicians weren't habitual liars selling their votes to the highest bidder instead of acting in the interest of the people they are supposed to represent then those people would have some trust in them.