Refuse to Assist Elon in Increasing His Wealth? His Companies Are Not Included in New Investment Funds – You can avoid investing in Tesla, SpaceX, or any other company owned by Elon Musk by using the Nasdaq-100 Ex-Elon Enterprises ETF and S&P 500 Ex-Elon Enterprises ETF.
Two new Exchange-Traded funds (ETFs) have been introduced by an investment firm with the goal of excluding Elon Musk’s firms.
These investment funds will expose investors to a variety of US equities assets, but not to Tesla, SpaceX, or any future affiliated companies, according to TechCrunch.
Investing in index funds linked to indices such as the S&P 500 and Nasdaq-100 yields long-term gains for the majority of investors. However, it’s difficult to avoid investing in Musk’s businesses as well, since firms like Tesla and the recently publicly traded SpaceX account for such sizable shares of both indices.
Because these businesses aren’t prudent long-term investments, some investors find that to be unappealing. While SpaceX’s connectivity division, led by Starlink, generated 60% of the company’s $18.7 billion in sales in 2025, Tesla has long been seen as overpriced. It’s also not profitable. Additionally, it has been burdened by the two albatrosses of Twitter/X and xAI, the latter of which is allegedly losing a lot of money.
Those who object to Musk’s CEO investing millions in President Trump’s 2024 reelection campaign, his slash-and-burn strategy while employed by DOGE, his Nazi-like salute, his support for Germany’s far-right AfD party, and the constant barrage of hard-right talking points on his X feed may find it morally appealing to stay away from his businesses.
Tidal Investments LLC, a business with more than ten years of fund management experience, created the new products, known as the Nasdaq-100 Ex-Elon Enterprises ETF and S&P 500 Ex-Elon Enterprises ETF. Portfolio managers Christopher P. Mullen and Stephen Foy will oversee the funds.
Subversive Markets Lab, which has a track record of humorous investment platforms, is the sponsor of all of this. According to TechCrunch, Subversive operated ETFs that promised to enable investors to “invest like the oligarchy” prior to its current anti-Musk initiatives. One of those funds was intended to track US members of Congress and their families’ stock transactions, suggesting that they use insider information.
Although it’s possible that these new ETFs from Subversive are more of a joke than a real investment platform, users can still invest in these funds if they so like. In the future, other fund managers might take it into consideration if it occurs on any type of scale. Anti-Musk attitude is undoubtedly widespread.
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