Nikola Results Presentation Deck

ει PAGE NIKOLA FINANCIAL OVERVIEW (CONTINUED) In Thousands Except Share and per Share Data Net loss attributable to common stockholders Adjustments to reconcile to non-GAAP net loss: Stock based compensation Premium paid on repurchase of redeemable convertible preferred stock Revaluation of warrant liability Regulatory and legal matters (1) TRUCK UPDATES Non-GAAP net loss (2) Non-GAAP net loss per share, basic Non-GAAP net loss per share, diluted Q2 2021 ($143,231) COOLIDGE FACILITY UPDATE 52,670 2,511 11,019 ($77,031) ($0.20) ($0.20) Q2 2020 ($129,189) 38,227 13,407 29,157 ($48,398) ($0.16) ($0.16) Q2 2021 YTD ($263,455) 102,936 1,560 25,885 ($133,074) ($0.34) ($0.34) Q2 2020 YTD ($162,335) 39,540 13,407 29,157 Regulatory and legal matters include legal, advisory, and other professional service fees incurred in connection with the Hindenburg article from September 2020, and investigations and litigation related thereto 2) For reconciliation of GAAP to Non-GAAP financial measures please refer to slides 17 and 18 "Reconciliation to Non-GAAP Measures" ($80,231) ($0.28) ($0.28) ULM FACILITY UPDATE WVR DEALER NETWORK Q2 2021 RESULTS Q3 & FY 2021 OUTLOOK APPENDIX

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