Musk's founding of a party has caused dissatisfaction, and investment company Azoria has postponed the listing of Tesla ETF

Odaily News Following Tesla (TSLA.O) CEO Musk's announcement of the establishment of a new political party, the "American Party", the investment company Azoria announced last Saturday that it would postpone the launch of the Tesla-based ETF "Azoria Tesla Convexity ETF". According to reports, Azoria was originally scheduled to launch the ETF this week, which was scheduled to invest in Tesla's stocks and options, providing investors with financial products related to the electric car giant. However, Musk's political actions made Azoria believe that the timing was unstable and decided to postpone the listing plan. Azoria CEO Fishback pointed out that since Musk announced his withdrawal from the leadership of the Government Efficiency Department in May, the outside world has been uneasy about his focus on Tesla. The establishment of a political party further undermines investors' confidence in Tesla's future leadership. (Jinshi)