Nikola Results Presentation Deck

RECENT HIGHLIGHTS 234 BUSINESS HIGHLIGHTS Continued building sales momentum on both trucks 18 customer orders to Nikola and dealers for over 200 hydrogen fuel cell trucks (1) 45 Tre BEV wholesales to dealers; 66 Tre BEV retail sales in 02 (2) Started production of the hydrogen fuel cell truck in Coolidge on July 31 Fortescue Future Industries (FFI) acquired Phoenix Hydrogen Hub (PHH) Agreed with Voltera on the first 8 HYLA station locations in California Secured fueling assets and hydrogen offtake to support 2023 sales FINANCIAL HIGHLIGHTS Reported Q2 net revenues of $15.4m Substantial gross margin improvement from 01 2022 Increased unrestricted cash position by $107.1m (90% increase from 01) and met cash usage target of under $150m Ended 02 with $295.4 million of cash on the balance sheet (3) Received shareholder approval to increase authorized shares Maintain access to capital of $743.0m as of July (4 1. Orders are subject to receipt of purchase order from dealers to Nikola Retail sales occur when customer warranty registers their vehicle with Nikola Includes $68.7 million of restricted cash Subject to successful share registration, Nasdaq share cap limit, and market conditions; includes $20.7m from FFI received in July Talon Logistics Inc. 9682724 NIKOLA

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