I think his political turn is contributing to the collapse of his "reality distortion machine", returning his overinflated companies (with values based on fantasy expectations about the future) back to reality. His politics are the shock many people needed to start thinking critically about the entire situation.

Particularly, the FSD illusion is collapsing. People are starting to realize that "your car will earn passive income as a robotaxi" won't be happening and in no way justifies Tesla being worth more than car manufacturers who make orders of magnitude more cars.