Tesla is now facing competition from every auto player entering the EV space, which is why David Barse of XOUT Capital just took TSLA out of his portfolio

David Lin, Kitco
July 21, 2021

A wave of technological innovations in the automotive, entertainment, and consumer finance sectors have for now, dethroned Tesla, Netflix, and Mastercard in their respective spaces, said David Barse, CEO of XOUT Capital, adding that the fears around COVID's Delta Variant were a "false alarm." The XOUT ETF excludes "loser" stocks from the broad market index and includes only stocks that have the highest score based on seven quantitative metrics, including revenue growth, hiring growth, capital deployment, and profitability. Speaking to David Lin, anchor for Kitco News, Barse said that these companies, once the "disruptors" in their sectors, are now being "disrupted" by advancing competitors.

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