Azoria Partners delays Tesla ETF after Elon Musk announces political party, CEO says ‘evalute if ambitions compatible…’

On Saturday, the investment company Azoria Partners said that after Tesla CEO Elon Musk had established a new US political party, Azoria Tesla will postpone the list of the investment fund.

“Today, the American party was founded to give you your freedom back,” Musk said, “Today, the day after destroying its followers on the X Social Media platform,”

Azoria will launch Tesla ETF, which will invest in the shares and options of the electric vehicle company next week.

However, after Musk’s announcement, Azoria CEO James Fishback published several critical interpretations of the new party and repeated his support to US President Donald Trump.

This reached its peak in an article that Fishback announced the postponement of ETF.

“I encourage Elon to clarify his political ambitions and see if they are compatible with his full -time obligations to Tesla.” He said.

The announcement said that the shareholders stepped back from Musk’s role in leading the government productivity department in May.

Tesla did not immediately respond to Reuters’ request for comments.

Musk’s announcement comes after Trump’s own style of “big, beautiful” tax, and the bill on Friday, and Musk strongly opposed the law.

Azoria also offers ETF, the Azoria 500 Merritocracy, which invests in the top 500 US companies that do not implement recruitment targets under diversity, equality and inclusion programs.

(Reporting by Gnaneshwar Rajan in Bengaluru;

Disclaimer: This story was published from a wire agency Feed without changing the text. Only the title has been changed.