Investment firm Azoria Partners has announced a postponement of its highly anticipated Azoria Tesla Convexity ETF, just days before its scheduled launch, citing concerns over Tesla CEO Elon Musk’s political ambitions.

The delay follows Musk’s dramatic announcement on Friday that he was forming a new US political movement, dubbed the America Party, intended to challenge the country’s traditional two-party system. The billionaire made the declaration on his social media platform X, stating:

“Today the America Party is formed to give you back your freedom.”

The ETF, which was designed to invest in Tesla shares and options, was set to launch next week. But in a series of strongly worded posts on X, Azoria CEO James Fishback criticized Musk’s political pivot and expressed support for US President Donald 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 wrote, announcing the ETF’s delay.

Fishback suggested Musk’s growing political distractions, including his May resignation from the Department of Government Efficiency, have shaken investor confidence in Tesla’s long-term leadership and focus.

Tesla has not yet commented on the development.

The abrupt decision to postpone the Tesla-focused ETF has sent ripples through financial circles. Azoria’s move reflects increasing investor unease about how Musk’s political involvement may impact his stewardship of the electric vehicle giant.

“Musk’s focus appears to be shifting,” Fishback posted. “For a CEO responsible for steering one of America’s most innovative companies, that is cause for concern.”

The announcement came just one day after former President Donald Trump signed his massive tax and spending legislation into law — a bill Musk has publicly opposed, citing a lack of green energy incentives and a bloated fiscal footprint.

In addition to the Tesla ETF, Azoria Partners also manages the Azoria 500 Meritocracy ETF, which invests exclusively in top U.S. companies that do not implement diversity, equity, and inclusion (DEI) hiring targets, according to the firm’s website.

That product has garnered attention — and criticism — for its anti-DEI stance, aligning with Fishback’s broader ideological positions, including his open support for Trump and free-market principles.

It remains unclear whether the Azoria Tesla Convexity ETF will be launched at a later date. For now, the firm is urging Tesla’s leadership to address shareholder concerns and clarify Musk’s dual commitments to business and politics.

As Musk’s America Party gains traction online and stirs political debate, the financial world watches closely, weighing the risks of a CEO whose ambitions may now stretch well beyond the factory floor.

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