Latest news with #Azoria
The Age
8 hours ago
- Business
- The Age
‘Train wreck': Trump slams Musk's ‘ridiculous' new political party
Some Trump allies fear Musk's move could split the Republican Party. Laura Loomer, a leading MAGA influencer, said the move could trigger Republican defections and split the party's base. 'I predict Tucker Carlson, MTG [Marjorie Taylor Greene] and Thomas Massie will join the new 'America Party' to spite President Trump,' she posted on X, adding that Carlson, the conservative commentator, was 'probably' going to run for president in 2028. However, US Treasury Secretary Scott Bessent insisted Musk's party would pose no threat. 'Look, the principles of DOGE were very popular. I think if you looked at the polling, Elon was not,' he told CNN on Sunday. Musk spent millions of dollars underwriting Trump's 2024 re-election effort and, for a time, regularly showed up at the president's side in the White House Oval Office and elsewhere. However, their disagreement over the spending bill led to an acrimonious falling out that Musk briefly tried – unsuccessfully – to repair. Loading Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla's electric vehicles. The president has threatened to pull billions of dollars that Musk's companies, Tesla and SpaceX, receive in government contracts and subsidies in response to criticism. Trump on Sunday also said that the Musk ally the president initially named to lead NASA would have presented a conflict of interest. In his social media comments, Trump said it was 'inappropriate' of Musk to have named Jared Isaacman as NASA administrator considering Musk's business with the space agency. In December, Trump named Isaacman, a billionaire private astronaut, to lead NASA, but withdrew the nomination on May 31, before his Senate confirmation vote and without explanation. Trump, who has yet to announce a new NASA nominee, on Sunday confirmed media reports he disapproved of Isaacman's previous support for Democratic politicians. 'I also thought it inappropriate that a very close friend of Elon, who was in the Space Business, run NASA, when NASA is such a big part of Elon's corporate life,' Trump said on Truth Social. 'My Number One charge is to protect the American Public!' Musk's announcement of a new party political immediately brought a rebuke from investment firm Azoria Partners, which said it would postpone the listing of its Azoria Tesla Convexity exchange-traded fund because the party's creation posed 'a conflict with [Musk's] full-time responsibilities as CEO'. Azoria was set to launch the Tesla fund this week. Azoria chief executive James Fishback posted on X several critical comments about the new party and reiterated his support for Trump. '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,' Fishback said.
Sydney Morning Herald
8 hours ago
- Business
- Sydney Morning Herald
‘Train wreck': Trump slams Musk's ‘ridiculous' new political party
Some Trump allies fear Musk's move could split the Republican Party. Laura Loomer, a leading MAGA influencer, said the move could trigger Republican defections and split the party's base. 'I predict Tucker Carlson, MTG [Marjorie Taylor Greene] and Thomas Massie will join the new 'America Party' to spite President Trump,' she posted on X, adding that Carlson, the conservative commentator, was 'probably' going to run for president in 2028. However, US Treasury Secretary Scott Bessent insisted Musk's party would pose no threat. 'Look, the principles of DOGE were very popular. I think if you looked at the polling, Elon was not,' he told CNN on Sunday. Musk spent millions of dollars underwriting Trump's 2024 re-election effort and, for a time, regularly showed up at the president's side in the White House Oval Office and elsewhere. However, their disagreement over the spending bill led to an acrimonious falling out that Musk briefly tried – unsuccessfully – to repair. Loading Trump has said Musk is unhappy because the measure, which Trump signed into law on Friday, takes away green-energy credits for Tesla's electric vehicles. The president has threatened to pull billions of dollars that Musk's companies, Tesla and SpaceX, receive in government contracts and subsidies in response to criticism. Trump on Sunday also said that the Musk ally the president initially named to lead NASA would have presented a conflict of interest. In his social media comments, Trump said it was 'inappropriate' of Musk to have named Jared Isaacman as NASA administrator considering Musk's business with the space agency. In December, Trump named Isaacman, a billionaire private astronaut, to lead NASA, but withdrew the nomination on May 31, before his Senate confirmation vote and without explanation. Trump, who has yet to announce a new NASA nominee, on Sunday confirmed media reports he disapproved of Isaacman's previous support for Democratic politicians. 'I also thought it inappropriate that a very close friend of Elon, who was in the Space Business, run NASA, when NASA is such a big part of Elon's corporate life,' Trump said on Truth Social. 'My Number One charge is to protect the American Public!' Musk's announcement of a new party political immediately brought a rebuke from investment firm Azoria Partners, which said it would postpone the listing of its Azoria Tesla Convexity exchange-traded fund because the party's creation posed 'a conflict with [Musk's] full-time responsibilities as CEO'. Azoria was set to launch the Tesla fund this week. Azoria chief executive James Fishback posted on X several critical comments about the new party and reiterated his support for Trump. '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,' Fishback said.
CNBC
a day ago
- Business
- CNBC
Investment firm Azoria postpones Tesla ETF after Musk plans political party
Investment firm Azoria Partners said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange traded fund after Tesla CEO Elon Musk said he was forming a new U.S. political party. Musk made the announcement a day after polling his followers on the X social media platform he owns, declaring, "Today the America Party is formed to give you back your freedom." Azoria was set to launch the Tesla ETF, which would invest in the electric vehicle company's shares and options, next week. However, following Musk's announcement, Azoria CEO James Fishback posted on X several critical comments about the new party and repeated his support for U.S. President Donald Trump. That culminated in a post where Fishback announced the postponement of the ETF. "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," Fishback said. The announcement undermines the confidence shareholders had in Tesla's future after Musk said in May he was stepping back from his role leading the Department of Government Efficiency (DOGE), Fishback said. Tesla did not immediately respond to a Reuters' request for comment. The announcement from Musk comes after Trump signed his self-styled "big, beautiful" tax-cut and spending bill into law on Friday, which Musk fiercely opposed. Azoria is also offering the Azoria 500 Meritocracy ETF that only invests in the top 500 U.S. companies that do not impose hiring targets under diversity, equity and inclusion programs, according to its website.
Mint
a day ago
- Business
- Mint
Azoria Partners delays Tesla ETF after Elon Musk announces political party, CEO says ‘evalute if ambitions compatible…'
Investment firm Azoria Partners said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange traded fund after Tesla CEO Elon Musk said he was forming a new U.S. political party. Musk made the announcement a day after polling his followers on the X social media platform he owns, declaring, "Today the America Party is formed to give you back your freedom." Azoria was set to launch the Tesla ETF, which would invest in the electric vehicle company's shares and options, next week. However, following Musk's announcement Azoria CEO James Fishback posted on X several critical comments of the new party and repeated his support for U.S. President Donald Trump. That culminated in a post where Fishback announced the postponement of the ETF. "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," Fishback said. The announcement undermines the confidence shareholders had in Tesla's future after Musk said in May he was stepping back from his role leading the Department of Government Efficiency, Fishback said. Tesla did not immediately respond to a Reuters' request for comment. The announcement from Musk comes after Trump signed his self-styled "big, beautiful" tax-cut and spending bill into law on Friday, which Musk fiercely opposed. Azoria is also offering the Azoria 500 Meritocracy ETF that only invests in the top 500 U.S. companies that do not impose hiring targets under diversity, equity and inclusion programs, according to its website. (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Christian Schmollinger) Disclaimer: This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed. Disclaimer: This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
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First Post
a day ago
- Business
- First Post
US: Azoria delays Tesla ETF launch after Musk announces his new political party
Investment firm Azoria Partners has postponed the launch of its Tesla-focused exchange-traded fund (ETF) after Elon Musk announced the formation of a new political party in the US, called the 'America Party.' read more Tesla and SpaceX CEO Elon Musk arrives to the inauguration of US President-elect Donald Trump in the Rotunda of the US Capitol on January 20, 2025 in Washington, DC. File Image/Reuters Investment firm Azoria Partners said on Saturday it will delay launching its Azoria Tesla Convexity exchange-traded fund (ETF) after Tesla CEO Elon Musk revealed he's forming a new political party, which he has named 'America Party'. Musk announced the creation of the 'America Party' on social media platform X, just one day after polling his followers. He posted: 'Today the America Party is formed to give you back your freedom.' Azoria had planned to launch the Tesla ETF next week. The fund would invest in Tesla's shares and options. STORY CONTINUES BELOW THIS AD However, following Musk's announcement, Azoria CEO James Fishback posted several critical comments on X about Musk's new party and reiterated his support for US President Donald Trump. Fishback later announced the ETF's postponement, saying: '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.' Fishback added that Musk's announcement has shaken investor confidence in Tesla's future, especially after Musk said in May that he was stepping back from leading the Department of Government Efficiency. Tesla has not yet responded to a request for comment from Reuters. Musk's announcement came after Trump signed his 'big, beautiful' tax-cut and spending bill into law on Friday—a move Musk has strongly opposed. Azoria also offers the Azoria 500 Meritocracy ETF, which invests only in the top 500 U.S. companies that do not have hiring targets under diversity, equity, and inclusion (DEI) programs, according to the firm's website.
