Azoria Partners has postponed the launch of its Azoria Tesla Convexity ETF, which was set to focus on Tesla shares and options, after Elon Musk announced the creation of a new U.S. political party called the “America Party.” Musk’s move raised concerns about his focus and priorities as Tesla’s CEO.
Azoria CEO James Fishback, a supporter of Donald Trump, criticized Musk’s political ambitions on X and urged Tesla’s board to evaluate whether Musk’s new role aligns with his leadership at Tesla. Fishback said shareholder confidence was already shaken after Musk previously stepped back from a government advisory role.
The delay in the ETF launch follows Musk’s opposition to Trump’s newly signed tax and spending bill. Azoria also runs another ETF—the Azoria 500 Meritocracy ETF—which invests only in top U.S. firms that reject diversity hiring quotas. Tesla has not commented on the situation.
Credit : CGTN
You can listen to the programs organized by MI Radio on Google Podcast, Apple Podcast and Spotify.
You can download MI Radio application on Google Play Store and Apple App Store.
