Nikola Results Presentation Deck

NIKOLA. PAGE / 14 Q2 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 6/30/22 and 12/31/22 (4) Expected weighted average shares outstanding as of the quarter 6/30/22 and fiscal year 12/31/22 (4) Q2 2022 Range Low 50 50 $15,000 -105% $72,500 $72,500 $85,000 1. FY 2022 Tre BEV trucks produced includes 10 pre-series trucks 2. Saleable Tre BEV trucks commissioned and delivered during Q2 - Q4 2022 3. SBC for Q2 2022: R&D - $11M SG&A - $48.M; 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 $59,000 High 60 $18,000 60 433,500,000 $77,500 426,500,000 -90% $77,500 $90,000 FY 2022 Range Low 310 300 $90,000 -75% $295,000 $305,000 $295,000 $241,000 469,300,000 437,500,000 High 510 500 $150,000 -60% $305,000 $315,000 $305,000

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