Nikola Results Presentation Deck
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DRIVING FORWARD
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STRONG INDUSTRY TAILWINDS
California has both regulations and incentives requiring and promoting the adoption
of zero-emissions Class 8 trucks
Beginning January 1, 2024, all new trucks registered with the California Air Resources
Board for operation in California ports must be zero-emissions
O 30,000+ trucks operating in California ports (1)
Of the currently issued HVIP vouchers requested in 2023, Nikola trucks represent 96%
of hydrogen fuel cell electric and 50% of battery electric truck-tractor vouchers (2)
For the hydrogen fuel cell electric truck, HVIP provides up to $288,000 and ISEF
provides up to $408,000 per truck
BUSINESS & FINANCIAL HIGHLIGHTS
277 non-binding orders from 35 customers to Nikola and our dealers for the
hydrogen fuel cell electric truck (3)
Received purchase orders for 47 battery electric trucks while in recall
Developed strategy to address battery electric truck recall
Raised $250 million in Q3, ending the quarter with $362.9 million of unrestricted
cash
Cash use below $120 million target for Q3
Maintained access to capital of $705.8 million at the end of Q3 (4)
Data from California Air Resources Board; Class 8 tractors in drayage operation
As of October 27, 2023
Orders are subject to receipt of wholesale purchase orders from dealers to Nikola
Includes restricted cash and ATM availability: Subject to stock price and market conditions
NIKOLA
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