Money Stuff: The Podcast · Friday, July 10, 2026
A new set of exchange-traded funds (ETFs) are being launched that aim to track the Nasdaq 100 and S&P 500 indexes but specifically exclude companies run by Elon Musk. These ETFs, named the Nasdaq 100 Ex-Elon ETF and the S&P 500 Ex-Elon ETF, are designed to cater to retail investors who are reportedly unhappy with Musk's inclusion in major market indexes. The move reflects a growing sentiment among some investors to avoid Musk's companies due to personal or valuation concerns.
“So basically it's all of the companies in the NAZE like one hundred or the S and P five hundred except for those that are run by ELM Musk, which right now is SpaceX and Tesla.”
“Well the point is that you are getting mostly the same thoughts, hopefully a comparable performance, but you are not having Elon, which clearly people want. Like that's the thing that people want.”
“You want, whatever the thing is that makes you like go around calling your broker being like, how can I find it? INEX with no Elon? You have that and now you're recoit. Oh here it is.”