Wedbush analyst Dan Ives is calling on Tesla's board to enact measures to ensure Elon Musk's focus on the company amid concerns of distraction risk during a crucial growth phase.
Ives suggests a three-point plan including a new pay package for Musk, clear guidelines on his time commitment to Tesla, and oversight on his political activities.
Cathie Wood of Ark Invest, another Tesla bull, expresses confidence in Musk and the board, citing trust in their decisions and noting Musk's improved focus on Tesla following recent changes.
While Ives emphasizes the need for governance changes, Wood remains optimistic about Musk's leadership. Tesla stock is down 25% year-to-date but has shown a 19% gain in the past 12 months.