TechFlow news, July 7 — According to Jinshi Data, after Tesla (TSLA.O) CEO Musk announced the formation of a new political party called the "American Party," investment firm Azoria announced last Saturday that it would delay the launch of its Tesla-focused ETF, the "Azoria Tesla Convexity ETF." The fund was originally scheduled to debut this week, aiming to invest in Tesla stocks and options, offering investors financial products linked to the electric vehicle giant. However, Musk's political activities have led Azoria to view the timing as unstable, prompting the decision to postpone the listing. Azoria CEO Fishbach noted that since Musk announced in May his withdrawal from leading the Department of Government Efficiency, concerns have grown over his level of focus on Tesla. The latest move to establish a political party has further weakened investor confidence in Tesla's future leadership.
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