Nikola Results Presentation Deck

1 7 // PAGE NIKOLA RECONCILIATION TO NON-GAAP MEASURES In Thousands Except share and per share data Net Loss Interest (income) expense, net Income tax expense Depreciation and amortization EBITDA TRUCK UPDATES Stock-based compensation Loss on forward contract liability Revaluation of warrant liability Equity in net loss of affiliates Regulatory and legal matters Adjusted EBITDA COOLIDGE FACILITY UPDATE Q2 2021 Q2 2020 ($143,231) ($115,782) 92 (22) 1 2 1,905 1,518 ($141,232) ($114,285) 52,670 38,227 2,511 1,126 11,019 ($73,906) 29,157 ($46,901) Q2 2021 Q2 2020 YTD YTD ($263,455) ($148,928) 101 (84) 3 2 3,710 2,926 ($259,641) ($146,084) 102,936 39,540 1,324 29,157 1,560 1,920 25,885 ($127,340) ($76,063) ULM FACILITY UPDATE WVR DEALER NETWORK Q2 2021 RESULTS Q3 & FY 2021 OUTLOOK APPENDIX

View entire presentation