Nikola Results Presentation Deck

1. 2. 3. RECENT HIGHLIGHTS ● BUSINESS HIGHLIGHTS 12 customer orders for 140 Nikola hydrogen fuel cell trucks 31 Tre BEV wholesales to dealers; 33 Tre BEV retail sales (1) Building sales momentum with new dealers and additional financing partners Executed joint station development agreement with Voltera on May 2 Voltera to supply capital to build up to 50 HYLA open access stations HYLA to supply hydrogen for stations Completed commissioning of 4 HYLA hydrogen mobile fuelers Announced partnership with Chart Industries for mobile fuelers and modular refueling stations. Additional mobile fueler agreements with Taylor Wharton and other partners FINANCIAL HIGHLIGHTS Reported 01 total revenues of $11.1m and net loss of $169.1m Substantial gross margin loss improvements from Q4 2022 Raised $100m through follow-on offering (2) Expect to receive $35m cash consideration and 20.6m shares of common stock for European manufacturing JV stake Maintain access to capital of $796.4m as of April (3) Retail sales occur when customer warranty registers their vehicle with Nikola Completed in April 2023 Subject to increase in authorized common stock and market conditions RE NIKOLA FIRE NIKOLA

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