European forwarders set for a bumpy ride in automotive logistics, says Ti
The shift to electric in the automotive sector is harming European forwarders and car-carriers, while ...
SEEKING ALPHA reports:
– Electric vehicle automaker Tesla (NASDAQ:TSLA) has made roughly $1B of digital profit on Bitcoin (BTC-USD) over the last month, estimates Wedbush Securities.
– Dan Ives puts that windfall in perspective by noting that Tesla is on a trajectory to make more from its Bitcoin investments than profits from selling its EV cars in all of 2020.
– Ives and team think other public companies will follow Tesla’s lead on the speculative diversification play.
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