Elon Musk Forms a New Political Chapter
In a surprise announcement, Elon Musk took to X this week to declare the launch of the "America Party," aiming to "give you back your freedom." The bold move came after polling his followers on policy priorities, signaling his first major step into the U.S. political arena.
Azoria Partners Hits the Brakes on Its Tesla ETF
Azoria Partners had been gearing up to list its Azoria Tesla Convexity ETF next week, targeting Tesla shares and options. Yet CEO James Fishback swiftly voiced concerns on X, criticizing the new party and reaffirming his support for President Donald Trump. Fishback wrote, "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."
He warned that Musk’s political ambitions have unsettled shareholder confidence, especially after Musk stepped back from his role leading the Department of Government Efficiency earlier this year. Following Fishback’s remarks, Azoria postponed the ETF listing indefinitely.
Political Moves, Market Ripples
This clash between Musk’s political pursuits and Tesla’s market strategy highlights a growing tension: when business leaders dive into politics, investors watch closely. Azoria’s decision comes just days after President Trump signed his self-styled "big, beautiful" tax-cut and spending bill into law—a package Musk openly opposed.
Azoria also offers the Azoria 500 Meritocracy ETF, which invests in the top 500 U.S. companies that don’t impose diversity, equity and inclusion hiring targets. As investors recalibrate, one question remains: could Musk’s political play overshadow Tesla’s growth trajectory?
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Musk plans political party: Investment firm postpones Tesla ETF
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