Investment firm Azoria Partners said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange-traded fund after Tesla CEO Elon Musk said he was forming a new US political party. Azoria was set to launch the Tesla ETF, which would invest in the electric vehicle company's shares and options, next week. However, following Musk's announcement Azoria CEO James Fishback posted on X several critical comments about the new party and repeated his support for US President Donald Trump. "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," Fishback said. The announcement from Musk comes after Trump signed his self-styled "big, beautiful" tax-cut and spending bill into law on Friday, which Musk fiercely opposed.

Source: bd News24 July 06, 2025 15:36 UTC