
Elon Musk‘s announcement of a new political party has led to the postponement of a Tesla Inc. (NASDAQ:TSLA) exchange-traded fund (ETF) launch by investment firm Azoria Partners.
What Happened: Azoria Partners, an investment firm, announced on Saturday that it would delay the launch of its Azoria Tesla Convexity ETF. This decision came after Musk, the CEO of Tesla, declared his intention to form a new U.S. political party, reported Reuters.