WLT Report 
A major investment firm has just cut off its support from Tesla in response to Elon Musk’s launch of a new political party.
The firm, Azoria which focuses on the tech and AI sector, was set to launch a Tesla Convexity ETF next week.
However, CEO James Fishback just announced that he is indefinitely postponing that plan, citing that his confidence in Elon Musk’s leadership of Tesla has dropped.
Fishback explained his decision in a lengthy post on X:
Elon has gone too far.
My investment firm (@InvestAzoria) has decided to postpone next week's public listing of our Azoria Tesla Convexity ETF.
Our decision comes in direct response to @ElonMusk’s announcement that he is launching a new national political party.
This creates… pic.twitter.com/d4pGCunY6l
— James Fishback (@j_fishback) July 6, 2025
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