Former DOGE adviser James Fishback wrote to the Tesla Board urging them to ask Elon Musk to clarify his political ambitions. Fishback said his investment firm Azoria Partners will defer the listing of its Azoria Texla Convexity exchange-traded fund after Musk’s announcement that he was forming a new political party called ‘America Party’. The paperwork of the America Party was done, and it was registered with the Federal Election Commission with Tesla CFO Vaibhav Taneja listed as its treasurer.“Elon has gone too far…Our decision comes in direct response to @ElonMusk’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,” Fishback wrote. “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,” the letter added.
James Fishback announces ‘Full Support for Donald’
Though Fishback worked in the Department of Government Efficiency with Elon Musk, he announced his full support for President Donald Trump as he announced launching a super PAC to resist Musk’s political ambitions. The PAC is named FSD, a play on Tesla’s ‘full self-driving’ except that it stands for ‘Full Support for Donald’.The PAC will spend money in any race where Elon Musk bankrolls a candidate, either from his new party or if he backs a Democrat or a Republican against a Trump-endorsed candidate. “There’s real frustration in our movement with Elon and his antics,” Fishback told Politico. “I’m a big believer in what he’s doing in the private sector. But when it comes to politics, he’s dead wrong on this.” Fishback resigned from DOGE last month after Musk lashed out at Trump. Fishback, who is represented by Lex Politica, the same firm that represents Musk and his SuperPAC AmericaPAC, is putting $1 million of his own money into his PAC, the Politico report said.