Golden Finance reports that an investment firm has postponed the launch of its Tesla ETF due to dissatisfaction over Musk founding a political party

According to Jinse Finance, following Tesla (TSLA.O) CEO Elon Musk's announcement of the formation of a new political party, the "American Party," investment firm Azoria announced last Saturday that it would postpone the launch of its Tesla-focused ETF, the "Azoria Tesla Convexity ETF." Reports indicate that Azoria had originally planned to launch the ETF this week, which was set to invest in Tesla's stocks and options, providing investors with financial products related to the electric vehicle giant. However, Musk's political move led Azoria to consider the timing unstable and decide to delay the listing plan. Azoria CEO Fischbach pointed out that since Musk announced his resignation from the leadership of the Department of Government Efficiency in May, there has been growing concern about his focus on Tesla. The formation of the political party has further undermined investors' confidence in Tesla's future leadership. (Jin10)