Nikola Results Presentation Deck

2 PAGE NIKOLA FINANCIAL OVERVIEW In Thousands Except Share and per Share Data Solar revenues (1) TRUCK UPDATES Cost of solar revenues Gross profit Operating expenses: Research and development Selling, general, and administrative Total operating expenses Loss from operations Interest income (expense), net Loss on forward contract liability Revaluation of warrant liability Other income (expense), net Loss before income taxes and equity in net loss of affiliates Net loss Income tax expense Loss before equity in net loss of affiliates Equity in net loss of affiliates Premium paid on repurchase of redeemable convertible preferred stock Net loss attributable to common stockholders Net loss per share, basic Net loss per share, diluted (2) Weighted-average shares outstanding, basic Weighted-average shares outstanding, diluted (3) Q2 2021 $- $- 67,726 70,672 $138,398 ($138,398) (92) (2,511) (1,102) (142,103) 2 (142,105) (1,126) ($143,231) ($143,231) ($0.36) ($0.36) 394,577,711 394,577,711 Q2 2020 $36 30 $6 42,525 44,104 $86,629 ($86,623) 22 (29,157) (23) (115,781) 1 (115,782) ($115,782) (13,407) ($129,189) ($0.43) ($0.43) 303,785,616 303,785,616 Q2 2021 YTD $- $- 122,889 136,099 $258,988 ($258,988) (101) (1,560) (883) (261,532) 3 (261,535) (1,920) ($263,455) ($263,455) ($0.67) ($0.67) 393,390,377 393,390,377 Q2 2020 YTD $94 73 $21 66,602 52,039 $118,641 ($118,620) 84 (1,324) (29,157) 91 (148,926) 2 (148,928) ($148,928) (13,407) ($162,335) ($0.56) ($0.56) 287,822,558 287,822,558 In 2020 we primarily generated revenue from services related to solar installation projects that are completed in one year or less. Solar installation projects are not a part of our primary operations and were concluded in 2020 Calculated by dividing net loss, adjusted for the revaluation of warrant liability, by weighted average number of common shares outstanding, diluted Weighted average shares outstanding, diluted does not include private warrants, RSUS, or employee stock options since the company and the revaluation of warrant liability are in net loss positions COOLIDGE FACILITY UPDATE ULM FACILITY UPDATE WVR DEALER NETWORK Q2 2021 RESULTS Q3 & FY 2021 OUTLOOK APPENDIX

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