US EditionInvestment firm Azoria postpones Tesla ETF after Musk plans political party
UNITED STATES, JUL 6 – Azoria delays its Tesla ETF launch pending clarity on Elon Musk's political venture, citing concerns over his ability to focus on Tesla amid new America Party plans.
- Elon Musk revealed on his X platform today that he is establishing a political organization in the United States called the America Party.
- Musk revealed his plans to form a new U.S. political party shortly after conducting a poll of his followers on X, and soon after expressing his strong opposition to President Trump's recent tax-cut and spending legislation.
- Following Musk's declaration, Azoria Partners postponed the launch of its Tesla Convexity exchange traded fund, which was scheduled for next week.
- Azoria CEO James Fishback urged the Board to clarify Musk's political ambitions and their compatibility with his CEO duties, stating, "I encourage the Board to meet immediately."
- Musk's political move unsettled investor confidence in Tesla, leading to uncertainty about his focus and the company's future prospects.
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An anti-DEI investment firm is postponing its Tesla ETF, saying Elon Musk has ‘gone too far’ by launching a political party
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An anti-DEI investment firm is postponing its Tesla ETF, saying Elon Musk has 'gone too far' by launching a political party
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The Hindu Business LineTesla shares fall as Musk's 'America Party' riles investors
LONDON (Reuters) -Tesla shares fell over 3% on Monday, under pressure from investor concerns about the focus of boss Elon Musk after he announced he would form a new U.S. political party, marking a new escalation in his feud with…
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