Elon Musk is making waves again—this time in politics. The Tesla CEO announced the formation of the 'America Party' on X (formerly Twitter), vowing to 'give you back your freedom.' But the move has already sparked corporate drama: Investment firm Azoria Partners postponed its Tesla-focused ETF launch, citing concerns over Musk's political ambitions. 💼📉
Why the ETF Delay?
Azoria CEO James Fishback didn't hold back on X, questioning whether Musk can juggle politics and Tesla leadership. 'Shareholders need clarity,' he posted, while doubling down on support for former President Donald Trump. The ETF, set to launch next week, aimed to capitalize on Tesla's stock and options—but now investors are left wondering: Is Musk's political pivot a red flag? 🚩
Trump Tax Cuts vs. Musk's Vision
The timing is spicy 🌶️: Musk's party announcement came just after Trump signed a controversial tax-cut bill into law. Musk had publicly opposed the legislation, calling it 'short-sighted.' Meanwhile, Azoria's other ETF—which avoids companies with DEI hiring targets—is still active, per its website. Talk about a culture-war side hustle.
What's Next for Tesla?
With Musk stepping back from his 'Department of Government Efficiency' role earlier this year, shareholders are eyeing his next move. Will the 'America Party' energize his fanbase or alienate Wall Street? For now, Tesla hasn't commented—but the internet is already memeing this like a Marvel movie plot twist. 🦸♂️💥
