Musk’s political venture raises alarms: Investment firm delays Tesla ETF, questions CEO priorities
Investment firm Azoria has postponed its Tesla-focused ETF listing following Elon Musk’s announcement of a new political party, warning that his political ambitions conflict with his duties as Tesla CEO. In a letter to Tesla’s board, Azoria argued that while Musk’s work with SpaceX and xAI benefits Tesla’s AI advancements, political campaigning could divert attention from critical projects like robotaxis and Optimus. The firm, which had praised Musk’s renewed Tesla focus earlier this year, now urges the board to evaluate whether his political goals align with leading the company—or take action if they don’t.”
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.
This creates… pic.twitter.com/d4pGCunY6l
— James Fishback (@j_fishback) July 6, 2025
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.
This creates a conflict with his full-time responsibilities as CEO of Tesla. It diverts his focus and energy away from Tesla’s employees and shareholders.
Azoria believes that Tesla is the most compelling long-term investment in AI. With breakthroughs in robotaxis, Optimus, and full self-driving, no other company is positioned to lead the future like Tesla.
In May, when Elon stepped back from his work at DOGE and returned his attention to Tesla, we were encouraged. With Elon fully engaged, he gave shareholders renewed confidence in Tesla’s future.
Elon’s announcement today undermines that confidence.
Unlike his work with SpaceX or xAI, which complement Tesla’s R&D efforts in AI, automation, and engineering, a political party not only fails to complement Tesla’s mission—it actively undermines it.
I just sent the attached letter to Robyn Denholm, Chair of Tesla’s Board of Directors.
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.
I remain hopeful that Elon will return his full attention to Tesla. If not, I trust the Board will take appropriate action.