BENGALURU: Investment firm Azoria Partners said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange traded fund after Tesla CEO Elon Musk said he was forming a new U.S. political party.
Musk made the announcement a day after polling his followers on the X social media platform he owns, declaring, “Today the America Party is formed to give you back your freedom.”
Azoria was set to launch the Tesla ETF, which would invest in the electric vehicle company’s shares and options, next week.
However, following Musk’s announcement Azoria CEO James Fishback posted on X several critical comments of the new party and repeated his support for U.S. President Donald Trump.
That culminated in a post where Fishback announced the postponement of the ETF.
“I encourage the Board to meet immediately and ask Elon to clarify his political ambitions and evaluate whether they are compatible with his full-time obligations to Tesla as CEO,“ Fishback said.
The announcement undermines the confidence shareholders had in Tesla’s future after Musk said in May he was stepping back from his role leading the Department of Government Efficiency, Fishback said.
Tesla did not immediately respond to a Reuters’ request for comment.
The announcement from Musk comes after Trump signed his self-styled “big, beautiful” tax-cut and spending bill into law on Friday, which Musk fiercely opposed.
Azoria is also offering the Azoria 500 Meritocracy ETF that only invests in the top 500 U.S. companies that do not impose hiring targets under diversity, equity and inclusion programs, according to its website.
Hence then, the article about investment firm azoria postpones tesla etf after musk plans political party was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Investment firm Azoria postpones Tesla ETF after Musk plans political party )
Also on site :
- Road over canal in Penkridge closed as bridge reportedly collapses
- Disneyland Paris New Year’s Eve Fireworks Live Stream 2025–2026: Watch Here
- Police and air ambulance attend 'medical emergency' incident in Stourbridge