Nikola Results Presentation Deck

18 PAGE NIKOLA RECONCILIATION TO NON-GAAP MEASURES TRUCK UPDATES In Thousands Except share and per share data Net Loss attributable to common stockholders Stock-based compensation Premium paid on repurchase of redeemable convertible preferred stock Revaluation of warrant liability Regulatory and legal matters Non-GAAP net loss Non-GAAP net loss per share, basic Non-GAAP net loss per share, diluted Weighted average shares outstanding, basic Weighted average shares outstanding, diluted COOLIDGE FACILITY UPDATE ULM FACILITY UPDATE Q2 2021 Q2 2020 ($143,231) ($129,189) 38,227 52,670 2,511 13,407 29,157 Q2 2021 Q2 2020 YTD YTD ($263,455) ($162,335) 102,936 1,560 39,540 25,885 13,407 29,157 11,019 ($77,031) ($43,398) ($133,074) ($80,231) ($0.20) ($0.16) ($0.34) ($0.28) ($0.20) ($0.16) ($0.34) ($0.28) 394,577,711 303,785,616 393,390,377 287,822,558 394,577,711 303,785,616 393,390,377 287,822,558 WVR DEALER NETWORK Q2 2021 RESULTS Q3 & FY 2021 OUTLOOK APPENDIX

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