Azoria Delays Launch of Tesla-Focused ETF Amid Musk's Political Move

According to Odaily, investment firm Azoria has postponed the launch of its Tesla-focused ETF, originally scheduled for this week, following Tesla CEO Elon Musk's announcement of forming a new political party, the 'American Party.' The ETF, named 'Azoria Tesla Convexity ETF,' was intended to invest in Tesla stocks and options, offering financial products related to the electric vehicle giant. Azoria's decision to delay the launch stems from concerns over the timing due to Musk's political activities. Azoria CEO Fischbach noted that since Musk's resignation from the government efficiency department leadership in May, there has been growing unease about his focus on Tesla. The formation of the political party has further weakened investor confidence in Tesla's future leadership.