Azoria Partners, a major investment firm, has postponed the launch of its Tesla Convexity exchange traded fund (ETF), which was scheduled to debut next week. The decision follows Tesla CEO Elon Musk's announcement of forming a new US political party called the America Party. Azoria cited concerns that Musk's political venture could undermine confidence in Tesla's leadership and potentially distract from his role as CEO. The firm has urged Tesla's board to evaluate whether Musk's political activities align with shareholder interests. The postponement reflects investor apprehension regarding Musk's increasing political focus amid his leadership of Tesla.
IMPORTANT: Un investisseur républicainde Tesla retire ses fonds de la société de Musk. https://t.co/tlzsQdwmfs
Tesla's investors are experiencing 'exhaustion' from Musk's continued political focus, says Dan Ives https://t.co/cTMaV7nGpJ
Azoria Delays Tesla ETF Launch Amid Musk's Political Moves Investment firm Azoria has postponed its Tesla Convexity ETF, originally set to debut this week, following Elon Musk's announcement of a new "American Party." The fund, which targets Tesla stocks and options, was delayed