Nikola Results Presentation Deck

20 PAGE NIKOLA RECONCILIATION TO NON-GAAP MEASURES TRUCK UPDATES In Thousands Except share and per share data Net Loss Stock-based compensation Revaluation of warrant liability Regulatory and legal matters Non-GAAP net loss Non-GAAP net loss per share, basic Non-GAAP net loss per share, diluted Weighted average shares outstanding, basic Weighted average shares outstanding, diluted ULM FACILITY UPDATE COOLIDGE FACILITY UPDATE RIG 360 OGE Q1 2021 Q1 2020 ($120,224) ($33,146) 50,266 ΤΑ (951) 14,866 ($56,043) ($0.14) ($0.14) 392,189,851 392,489,761 1,313 ($31,833) ($0.12) ($0.12) 271,896,258 271,896,258 Q1 2021 RESULTS Q2 & FY 2021 OUTLOOK APPENDIX

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