Express
Azoria Delays Launch of Tesla ETF Due to Musk's New Political Party
Summary: Following the news of Tesla (TSLA.O) CEO Musk announcing the establishment of a new political party 'America Party', investment firm Azoria announced last Saturday that it will postpone the launch of the 'Azoria Tesla Convexity ETF'. It was reported that Azoria had originally planned to launch the ETF this week, which was set to invest ...
Following the news of Tesla (TSLA.O) CEO Musk announcing the establishment of a new political party 'America Party', investment firm Azoria announced last Saturday that it will postpone the launch of the 'Azoria Tesla Convexity ETF'. It was reported that Azoria had originally planned to launch the ETF this week, which was set to invest in Tesla stocks and options, providing investors with financial products related to the electric car giant. However, Musk's political actions have made Azoria believe that the timing is unstable, leading to the decision to delay the listing plan. Azoria CEO Fishback pointed out that since Musk announced his resignation from the leadership position of the Department of Efficiency in May, there has been unease about his focus on Tesla. The establishment of a political party further undermines investors' confidence in Tesla's future leadership.
