Nikola Results Presentation Deck

Q3 & FY 2023 OUTLOOK In Thousands Except Deliveries and Gross Margin Total truck deliveries Revenue Gross margin Research and development (1) Selling, general, and administrative (2) Stock-based compensation (3) 03 2023 Range Low 60 $18,000 -165% $47,500 $42,500 $16,500 High 90 $28,000 -110% $52,500 $47,500 1. Includes stock-based compensation for 03'23 of $7.5m and FY'23 of $31.4m 2. Includes stock-based compensation for Q3'23 of $8.3m and FY'23 of $51m 3. Total stock-based compensation for Q3'23 of $16.5m including $700k for Cost of revenues; Total stock-based compensation for FY '23 of $85.1m including $2.7m for Cost of revenues FY 2023 Range Low 300 $100,000 -110% $210,000 $185,000 $85,100 High 400 $130,000 -85% $220,000 $195,000 11 NIKOLA

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