US EditionInvestment 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.
25 Articles
25 Articles
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...
Major Investment Firm DROPS Support for Tesla After Elon Musk's Political Party Launch
A major investment firm has just cut off its support from Tesla in response to Elon Musk’s launch of a new political party. The firm, Azoria which focuses on the tech and AI sector, was set to launch a Tesla Convexity ETF next week. However, CEO James Fishback just announced that he is indefinitely postponing that plan, citing that his confidence in Elon Musk’s leadership of Tesla has dropped. Fishback explained his decision in a lengthy post on…
Major Investment Firm Pulls Support from Tesla, Postpones ETF Launch After Elon Musk Launches New Political Party | The Gateway Pundit | by Jim Hᴏft
Azoria—a prominent investment firm with deep ties to tech and AI innovation—has yanked its support from Tesla ahead of a planned ETF launch, citing CEO Elon Musk’s surprise announcement that he is launching a new national political party, “The America Party.” The Azoria Tesla Convexity ETF, which was set to go public next week, would have offered investors a strategic vehicle for exposure to Tesla’s high-growth potential.
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.
Musk plans political party: Investment firm postpones Tesla ETF
Investment firm Azoria Partners said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange traded fund (ETF) 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 scheduled to launch the Tesla ETF next week, with in…
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