Nikola Results Presentation Deck

NIKOLA. PAGE . 14 FINANCIAL RESULTS AT A GLANCE (1) In Thousands Revenue Cost of Revenues EBITDA R&D SG&A Operating Loss Adjusted EBITDA Cash and Cash Equivalents (including restricted cash) Tumim Stone Capital ELOC Total Available Liquidity Q1 2021 Q2 2021 Q3 2021 Q4 2021 55,163 67,726 78,896 65,427 70,672 192,929 (120,590) (138,398) (271,825) (118,409) (141,232) (265,199) (53,434) (73,906) (85,020) 763,750 763,750 632,694 632,694 586,986 527,132 1,114,118 1. For reconciliation of GAAP to Non-GAAP financial measures please refer to slides 19 and 20 "Reconciliation to Non-GAAP Measures" 522,241 Q1 2022 436,210 958,451 1,887 91,166 71,547 (162,713) (151,309) (156,882) (149,619) (90,385) (79,152) 1,456 74,557 77,183 385,118 408,831 793,949 Q2 2022 18,134 47,391 63,106 79,868 (172,231) (163,622) (94,345) 529,224 312,537 841,761 Highlights Revenues Sold 48 units of Nikola Tre- BEV trucks and 4 Mobile Charging Trailers (MCTS) during Q2 First time in the company's history to recognize truck revenues Cash Balance & Liquidity Total available liquidity increased $47.8 million, helped by the $200 million convertible note placed privately with Antara Capital

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