In recent news, Nikola Corporation
"We support and respect Republic Services' commitment to achieving environmentally responsible, sustainable solutions for their customers," said Nikola's CEO Mark Russell. However, Nikola would like to remain focused on aspects of its company and the environment, such as zero-emission battery-electric and hydrogen-electric cars for now. With the ending of this agreement, Nikola announced that it is preparing itself for new technologies and new resources and investments.
Despite the seemingly dismal factors that have led to the disintegration of the agreement between Nikola and Republic Services, JP Morgan has made predictions that in 2021, Nikola will be able to produce working trucks and other types of technology. JP Morgan analyst Paul Coster stated that he believes that Nikola's future news will turn out to be positive. Nikola's business supposedly "soared as much as 16%" after the announcement was made, but it is still undetermined whether this trend will continue in 2021.
Coster seems to believe this declared positivity about Nikola because, as he mentioned on National Hydrogen Day, he believes that it will hit production and other such goals. He also thinks that Nikola will "raise more than two billion dollars" and become overall more successful in its plan to join forces with General Motors
Additionally, Nikola holds a plan to "land a fuel station partner before the 2021 year end, to establish a hydrogen fueling infrastructure." Not only that, but Nikola's stock is predicted to rise exponentially starting in the year 2021.
Over time, the budding electric carmaker will have the resources and the support that it needs to thrive and to become more successful company.