Investors to watch Nikola earnings for production and partnerships updates

• Nikola (NASDAQ:NKLA) is due to report earnings tomorrow with investors focused on updates on production targets and potential partnership opportunities.
• Wedbush Securities analyst Dan Ives: "While some clear hurdles remain for Nikola to achieve its hydrogen and semi-truck vision over the next year, we believe most of the negative catalysts we were fearing have now played out in the market with a more balanced risk/reward on the name looking ahead with some light now at the end of the tunnel."
• Ives and team still believe the company's EV and hydrogen fuel cell ambitions are attainable in the semi-truck market and point to support from the Biden Administration and Blue Senate.
• Essentially, Ives thinks the story on Nikola this year will come down to execution. "It is the company’s investments into a hydrogen powered battery and the benefits of this type of electricity/battery vs. the traditional battery electric motors currently used in EV’s globally that is a key part of driving the value proposition in the eyes of investors on this story stock," he notes.
• Wedbush keeps a Neutral rating and price target of $25 into tomorrow's earnings report.