Latest news with #Azoria500MeritocracyETF
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.
Business Recorder
a day ago
- Business
- Business Recorder
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 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.
New Straits Times
a day ago
- Business
- New Straits Times
Investment firm Azoria postpones Tesla ETF after Musk plans political party
NEW YORK: Investment firm Azoria Partners said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange traded fund (ETF) after Tesla chief executive officer (CEO) Elon Musk said he was forming a new US 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 US 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 US companies that do not impose hiring targets under diversity, equity and inclusion programs, according to its website.
