A major investment firm has just cut off its support from Tesla in response to Elon Musk’s launch of a new political party.
The firm, Azoria which focuses on the tech and AI sector, was set to launch a Tesla Convexity ETF next week.
However, CEO James Fishback just announced that he is indefinitely postponing that plan, citing that his confidence in Elon Musk’s leadership of Tesla has dropped.
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Fishback explained his decision in a lengthy post on X:
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Elon has gone too far.
My investment firm (@InvestAzoria) has decided to postpone next week’s public listing of our Azoria Tesla Convexity ETF.
Our decision comes in direct response to @ElonMusk’s announcement that he is launching a new national political party.
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