Nikola Results Presentation Deck

16 // PAGE V1OXIN Q1 AND FY 2022 OUTLOOK In Thousands Except Deliveries, Gross Margin, Share, and per Share Data Tre BEV trucks produced (1) Tre BEV deliveries (units) (2) Revenue Gross margin Research and development Selling, general, and administrative Stock based compensation (3) Capital expenditures Total shares outstanding as of 3/31/22 and 12/31/22 (4) Expected weighted average shares outstanding as of the quarter 3/31/22 and fiscal year 12/31/22 (4) Q1 2022 Range Low 8 NM $77,500 $72,500 $117,500 $58,000 High 10 $82,500 NM $77,500 419,000,000 $122,500 415,300,000 FY 2022 Range Low 308 300 $90,000 -75% $295,000 $305,000 $295,000 $241,000 461,600,000 435,600,000 High 510 500 $150,000 -60% $305,000 $315,000 $305,000 1) Pre-Series Tre Bev truck built for demos and pilot testing (NOT SALEABLE) will be capitalized 2) Saleable Tre Bev trucks commissioned and delivered during Q2 - Q4, 2022 3) SBC for Q1 2022: R&D - $10.25M, SG&A $47.75,5M; SBC for FY 2022: R&D - $47M, SG&A - $194M 4) Shares outstanding as of 12/31/2021 plus estimated employee stock option exercises, restricted stock unit distributions, and purchase notices issued to Tumim Stone Capital, LLC

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