https://wccftech.com/nikola-shares-modestly-up-as-jp-morgan-publishes-its-latest-positive-note-regarding-the-fate-of-the-embattled-companys-partnership-with-general-motors/

Nikola (NASDAQ:NKLA) shareholders have received a fresh respite today as the investment banking behemoth, JP Morgan (NYSE:JPM), published a cheerful note, expressing optimism that the crucial Nikola-GM partnership deal will achieve closure by the 3rd of December.

JP Morgan analyst, Paul Coster, noted that the two companies form a natural symbiotic relationship as Nikola needs access to GM’s supply chain and engineering resources while General Motors (NYSE:GM), for its part, needs to generate a return on its hefty investments in hydrogen fuel cells. Moreover, in a crucial insight, Coster observed that the Badger electric pickup truck might be just a “distraction” for Nikola but a crucial testing ground for GM’s proprietary technology. Consequently, the analyst believes that a restructured deal may still be possible by the 3rd of December, paving the way for a $41 stock price target and an ‘Overweight’ overall rating.