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Investment firm Azoria postpones Tesla ETF after Musk plans political party

  • 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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Elon Musk is criticised after he announced the launch of the American Party and intensified his criticisms at President Donald Trump's address. In response, Azoria Partners suspended the launch of a Tesla-related fund, calling for a possible...

·Romania
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In fact, Tesla's boss Musk wanted to take more care of his companies. However, to the surprise of many, he does not seem to be able to leave his hands on politics. However, the announcement that he wants to start a new party will prompt irritation with an investor.

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Investment firm Azoria postpones Tesla ETF after Musk plans political party

Investment firm Azoria Partners said it will postpone the listing of its Azoria Tesla Convexity ETF after Musk said he was forming a new U.S. political party.

·United States
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regionalmedianews.com broke the news in on Sunday, July 6, 2025.
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