Wedbush analyst Dan Ives commented on Elon Musk's recent statements about wanting increased control over Tesla for AI advancements, maintaining an Outperform rating and a $350 price target on the company. Musk, owning over 12% of Tesla, suggested a dual-class voting structure to achieve around 25% voting control. Ives views AI initiatives as crucial for Tesla and believes that Musk's compensation package delay in court and his share sales for Twitter's acquisition are temporary distractions. Tesla's stock is down 3% but has seen significant growth over the past year and five years.