Azoria has delayed its planned Tesla ETF launch in response to Elon Musk's establishment of the America Party. CEO James Fishback criticized Musk's political ambitions, claiming they undermine Tesla's mission and conflict with his CEO responsibilities. Investors are reacting negatively, with a 7% drop in Tesla's share price observed, reflecting unease about Musk's political involvement. Analyst Dan Ives stated that shareholders are feeling exhaustion over Musk's decision, indicating that his actions diverge from what Tesla investors seek from the company and its leadership.
James Fishback, CEO of investment firm Azoria, stated on Sunday that the firm will postpone its planned public listing of a Tesla ETF due to Elon Musk's new political party.
Fishback criticized Musk's new political ambitions, suggesting they actively undermine Tesla's mission and create conflicts with his CEO obligations.
Tesla's share price declined by 7% premarket as investors expressed unease regarding Musk's political involvement, indicating a growing sentiment of exhaustion among shareholders.
Wedbush Securities analyst Dan Ives noted that investors felt a strong sense of fatigue over Musk's political party, suggesting it contradicts their interests as shareholders.
Collection
[
|
...
]