Nikola Investor Day Presentation Deck

92 1 PAGE VTOMIN FUNDING OVERVIEW ILLUSTRATIVE PURPOSES ONLY; SUBJECT TO CHANGE REPORTED LIQUIDITY as of 12.31.21 ELOC Balance as of Dec. 31, 2021 FY21 Reported Cash ~$958M $436M $522M LIQUIDITY AS REPORTED 12.31.21 FUNDING OVERVIEW ~$958M AVAILABLE LIQUIDITY AS OF 12/31/21 2022 NET CASH SPEND EXPECTED $720M - 775M TARGET TO ALWAYS MAINTAIN LIQUIDITY FOR NEXT 12 MONTHS REMAIN FLEXIBLE AND OPPORTUNISTIC WHEN FUNDING FUTURE CAPITAL NEEDS

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