Nikola Results Presentation Deck

FINANCIAL OVERVIEW In Thousands Except Share and per Share Data Revenues: Truck sales Service and other Total revenues Cost of revenues: Truck sales Service and other Total cost of revenues Gross profit (loss) Operating expenses: Research and development Selling, general, and administrative Total operating expenses Loss from operations Interest expense, net Revaluation of warrant liability Other income (expense), net Loss before income taxes and equity in net loss of affiliates Income tax expense Loss before equity in net loss of affiliates Equity in net loss of affiliates Net loss Net loss per share, basic Net loss per share, diluted Weighted-average shares outstanding, basic Weighted-average shares outstanding, diluted 04 2021 $- 91,166 71,547 162,713 (162,713) (262) 144 3,928 (158,903) (158,903) (513) ($159,416) ($0.39) ($0.39) 407,448,311 407,448,311 01 2022 $- 1,887 1,887 1,456 1,456 431 74,557 77,183 151,740 (151,309) (211) (434) 1,833 (150,121) (150,121) (2,820) ($152,941) ($0.37) ($0.37) 415,152,656 415,152,656 02 2022 $ 17,383 751 18,134 46,781 610 47,391 (29,257) 63,106 79,868 142,974 (172,231) (2,808) 3,341 (27) (171,725) 2 (171,727) (1,270) ($172,997) ($0.41) ($0.41) 425,323,391 425,323,391 03 2022 $ 23,853 388 24,241 54,080 330 54,410 (30,169) 66,683 132,865 199,548 (229,717) (7,735) 586 2,617 (234,249) 1 (234,250) (1,984) ($236,234) ($0.54) ($0.54) 438,416,393 438,416,393 04 2022 $4,695 1,868 6,563 49,343 2,982 52,325 (45,762) 69,421 80,238 149,659 (195,421) (6,986) 381 (5,446) (207,472) 3 (207,475) (14,591) ($222,066) ($0.46) ($0.46) 487,551,035 487,551,035 01 2023 $10,055 1,062 11,117 42,777 1,250 44,027 (32,910) 64,426 53,709 118,135 (151,045) (9,863) 306 (84) (160,686) (160,686) (8,408) ($169,094) ($0.31) ($0.31) 549,689,436 549,689,436 17 NIKOLA

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