(Substack)—Elon Musk wants to get into politics. He is forming “America Party” as a third-party alternative, likely landing ideologically between Republicans and Democrats. But even as buzz circulates about his attempted foray into governance, questions are swirling about his ability to continue successfully running his various companies.
One investment firm, Invest Azoria, is postponing their planned Tesla ETF launch while they await clarity from the Board of Directors. The insinuation here is that Invest Azoria CEO James Fishback will not move forward unless Musk either drops his political ambitions or leaves Tesla.
The first sentence in his letter to Tesla Chair of the Board Robyn Denholm says it all:
Elon has gone too far.
My investment firm (Invest Azoria) has decided to postpone next week’s public listing of our Azoria Tesla Convexity ETF.
Our decision comes in direct response to Elon Musk’s announcement that he is launching a new national political party.
This creates a conflict with his full-time responsibilities as CEO of Tesla. It diverts his focus and energy away from Tesla’s employees and shareholders.
Azoria believes that Tesla is the most compelling long-term investment in AI. With breakthroughs in robotaxis, Optimus, and full self-driving, no other company is positioned to lead the future like Tesla.
In May, when Elon stepped back from his work at DOGE and returned his attention to Tesla, we were encouraged. With Elon fully engaged, he gave shareholders renewed confidence in Tesla’s future.
Elon’s announcement today undermines that confidence. Unlike his work with SpaceX or xAI, which complement Tesla’s R&D efforts in AI, automation, and engineering, a political party not only fails to complement Tesla’s mission—it actively undermines it.
I just sent the attached letter to Robyn Denholm, Chair of Tesla’s Board of Directors.
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.
I remain hopeful that Elon will return his full attention to Tesla. If not, I trust the Board will take appropriate action.”
-James Fishback CEO Invest Azoria
Tesla is included in over 250 ETFs currently. The omission of one may not be enough to sway the Board to make a move and it almost certainly will not dissuade Musk from moving forward with his party, but it does exacerbate existing concerns about Musk. Few Tesla investors or fund managers doubt Musk’s skills, but his lack of attention over their investments is prompting questions privately and occasionally publicly.
Fishback is a supporter of President Donald Trump who launched his company as an alternative to DEI-driven investments. Last December, he wrote an op-ed for the NY Post:
In the race to attract the best employees, American companies have always played to win. Apple pays millions to poach star executives and Nvidia spares no expense to hire top AI researchers. Why? Because hiring the best and brightest on skill and ability is the secret sauce to American innovation.
Sadly, some companies have rejected the practice of hiring on skill and ability and are now hiring on the basis of race and gender.
My investment firm, Azoria, has identified three dozen S&P 500 companies with explicit racial and gender hiring targets.
Early next year, we’ll launch an ETF fund that invests in every S&P 500 company — except those that use these hiring targets.
The premise is straightforward: companies that hire on skill and ability will outperform those that hire on race and gender.
Will Musk be forced to make a choice between Tesla and America Party?
Why the National Debt Is the Looming Threat to Your Retirement Plans
The Hidden Crisis No One Is Talking About
Every day, headlines warn about inflation, market volatility, and global instability—but the greatest looming threat to your retirement might be something far more fundamental: America’s skyrocketing national debt.
You can learn more about how the national debt affects you by reading this 3-minute report titled, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now“.
With debt growing faster than most Americans can possibly fathom, the government’s borrowing habits have reached historic—and dangerous—levels. To cover spending, Washington is making moves with their budget packages, tariffs, and taxes. Is it enough? No. It’s not even close to what would be necessary to stop out-of-control debt, let alone reverse it.
How Debt Erodes Your Nest Egg
There are only so many levers government and the Federal Reserve can pull to try to protect Americans, assuming that’s even a top priority for them. Unfortunately, pulling one level to relive one pressure invariably adds pressure from another direction. This is why prices keep going up even as inflation reportedly slows.
For retirees and pre-retirees, that’s a perfect storm. The dollars you’ve worked hard to save lose value, and your cost of living increases while your investments lag behind.
If you’re relying solely on paper-based assets—stocks, bonds, or mutual funds—you’re essentially tied to the same system that’s creating the problem. It’s a system that was designed to work well in the 20th century, not in today’s world with people living longer and the dollar rapidly losing value.
This is why the 3-minute report, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now,” is so important.
The Precious Metals Hedge
Thousands of Americans are looking for a tangible, time-tested hedge: physical gold and silver.
Unlike paper assets, precious metals aren’t dependent on government policy or the stock market’s mood swings. They’re real, finite resources that have maintained value for thousands of years through wars, recessions, and inflationary periods.
In fact, during times of high inflation and fiscal instability, gold often performs its best—because it’s seen as a store of value when faith in the dollar weakens. This is why prices have skyrocketed this year and are expected by many economists to continue going up in the future.
Take Control with a Gold IRA
One of the most effective ways to protect your retirement from national debt fallout is through a self-directed Gold IRA. This IRS-approved account lets you hold physical gold and silver within your retirement portfolio, giving you:
- Direct ownership of your assets
- A hedge against inflation and dollar decline
- The control to diversify beyond Wall Street
Augusta Precious Metals specializes in helping Americans just like you take this step with confidence. The company has earned a strong reputation for transparency, education, and personalized service—making it one of the most trusted names in the industry.
The Next Step: Secure Your Financial Future
Augusta Precious Metals has helped thousands of Americans with at least $50,000 to invest from their IRAs, 401(K)s, TSPs, and other retirement accounts safeguard their savings through precious metals.
If you’re concerned about what the rising national debt could mean for your future, now is the time to act.
Read this 3-minute report titled, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now“ and learn the simple steps you can take to protect your retirement.