Are Your Tesla ETFs Secretly Betting On Elon Musk's AI Startup?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 14 2025
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Source: Benzinga
Elon Musk's xAI Growth: Elon Musk's AI startup, xAI, is rapidly increasing in value, with a recent $2 billion investment from SpaceX and potential investment discussions involving Tesla shareholders. Tesla has already integrated xAI's technology into its vehicles and sold significant energy storage products to the firm.
Impact on ETFs: Tesla's growing ties with xAI may expose ETF investors to risks associated with the AI sector, as funds like ARKK, BCOR, and QQQ hold substantial Tesla shares. This connection blurs the lines between traditional automotive investments and emerging AI ventures, potentially affecting investor outcomes without direct stakes in xAI.
Analyst Views on QQQ
Wall Street analysts forecast QQQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QQQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 616.280
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
