Nikola Results Presentation Deck

1. 2. NIKOLA BY THE NUMBERS ● ● Increased unrestricted cash position by $107m 02 cash usage below $150m target Continued sales momentum 18 customer orders to Nikola and dealers for over 200 hydrogen fuel cell electric trucks (1) $250,000 $200,000 $150,000 $100,000 $50,000 $- HIGHLIGHTS $56,411 $145,391 CASH USE (2) 2022 Quarterly Average Net cash used for operating activities Orders are subject to receipt of purchase order from dealers to Nikola Numbers in thousands $50,517 $176,022 $5,010 $111,143 01 2023 Net cash used for investing activities 02 2023 $400,000 $300,000 $200,000 $100,000 75 60 CASH, CASH EQUIVALENTS, AND RESTRICED CASH (2) 45 30 15 0 és $- 31 $83,682 $119,604 01 2023 Unrestircted Cash 01 2023 SALES MOMENTUM 33 Restricted Cash Wholesale Retail $68,682 $226,673 45 02 2023 02 2023 66 CO 13 NIKOLA

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