Credit: Gage Skidmore / Flickr Azoria—a prominent investment firm with deep ties to tech and AI innovation—has yanked its support from Tesla ahead of a planned ETF launch, citing CEO Elon Musk’s surprise announcement that he is launching a new national political party, “The America Party.” The Azoria Tesla Convexity ETF, which was set to go public next week, would have offered investors a strategic vehicle for exposure to Tesla’s high-growth potential. But that plan is now shelved indefinitely. According to Azoria CEO James T. Fishback, the abrupt decision was made in “direct response” to Musk’s political pivot, which Fishback says undermines confidence in Musk’s leadership at Tesla. Fishback wrote on X: Elon has gone too far. My investment firm Azoria has decided to postpone…
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