Nikola Results Presentation Deck

1. 2. NIKOLA BY THE NUMBERS Increased unrestricted cash position by $136.2m 03 cash usage below $120m target Continued sales momentum 35 non-binding customer orders to Nikola and dealers for 277 hydrogen fuel cell electric trucks (1) $250,000 $200,000 $150,000 $100,000 $50,000 HIGHLIGHTS $0 $50,517 $176,022 CASH USE (2) $37,202 $111,143 01 2023 02 2023 Net Cash Used in Operating Activities Orders are subject to receipt of wholesale purchase orders from dealers to Nikola Numbers in thousands $20,690 $91,259 03 2023 Purchases of PP&E CASH, CASH EQUIVALENTS, AND RESTRICED CASH (2) $500,000 $400,000 $300,000 $200,000 $100,000 300 240 180 120 60 $0 0 $83,682 $119,604 100 01 2023 - HYDROGEN FUEL CELL ELECTRIC SALES MOMENTUM (1) Unrestricted Cash 3/29/2023 200+ $68,682 $226,673 8/4/2023 02 2023 Restricted Cash 223 $29,250 9/28/2023 $362,850 03 2023 Hydrogen Fuel Cell Electric Truck Non-Binding Orders 277 11/2/2023 12 NIKOLA

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