Nikola Results Presentation Deck

19 PAGE NIKOLA RECONCILIATION TO NON-GAAP MEASURES In Thousands Except share and per share data Net Loss attributable to common stockholders Stock-based compensation Premium paid on repurchase of redeemable convertible preferred stock Revaluation of warrant liability Revaluation of derivative liability Regulatory and legal matters Legal loss contingen Non-GAAP net loss Non-GAAP net loss per share, basic Non-GAAP net loss per share, diluted Weighted average shares outstanding, basic Weighted average shares outstanding, diluted Q3 2021 ($267,567) 49,047 (4,467) (319) 9,771 125,000 ($88,535) ($0.22) ($0.22) 400,219,585 400,230,669 Q3 2020 ($79,704) 52,196 (37,745) 5,173 ($60,080) ($0.16) ($0.16) 377,660,477 378,286,678 Q3 2021 YTD ($531,022) 151,983 (2,907) (319) 35,657 125,000 ($221,608) ($0.56) ($0.56) 395,691,795 395,860,876 Q3 2020 YTD ($242,039) 91,736 13,407 (8,588) 5,173 ($140,311) ($0.44) ($0.44) 318,315,891 318,976,447

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