A report on Wednesday said Elon Musk could soon exit the White House.For the investor Ross Gerber, that wouldn't be enough to turn the company's fortunes around.The longtime Tesla backer said the car company needed a new face to get back on its feet.

Elon Musk will "remain a friend and an adviser" of President Donald Trump after the Tesla CEO leaves his current role with the Department of Government Efficiency, Vice President JD Vance has said. Vance said in an interview earlier on Thursday that DOGE had a significant amount of work to do and would continue without Musk at some point.

Politico and ABC reported Wednesday that Trump had told members of his Cabinet that Musk will soon depart and return to the private sector, although it was not clear if Musk would