Nikola Results Presentation Deck

1 5 = GAAP Measures PAGE Reconciliation To Non- NIKOLA In Thousands Except share and per share data Ne Loss Attributable to Common Stockholders Stock-based compensation Premium paid on repurchase of redeemable convertible preferred stock Regulatory and legal matters Impairment expense Non-GAAP net loss Non-GAAP net loss per share, basic and diluted Weighted average shares outstanding, basic and diluted TRUCK UPDATES ULM FACILITY UPDATE COOLIDGE FACILITY UPDATE Q4 2020 ($147,096) 46,255 19,510 14,415 ($66,916) ($0.17) 385,983,645 Q4 2019 ($43,095) 1,086 16,816 ($25,193) ($0.09) 268,698,455 FY 2020 ($397,721) 137,991 13,407 24,683 14,415 ($207,225) ($0.62) 335,325,271 Q4 & FY 2020 RESULTS FY 2021 OUTLOOK APPENDIX FY 2019 ($105,472) 4,858 16,816 ($83,798) ($0.32) 262,528,769

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