UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38495 Nikola Corporation (Exact Name of Registrant as Specified in Its Charter) Delaware 82-4151153 (State or other jurisdiction of in ...

Summary of Nikola Corporation Conference Call Company Overview - **Company**: Nikola Corporation (NASDAQ: NKLA) - **Industry**: Zero-emission transportation, specifically focusing on hydrogen fuel cell and battery electric trucks Key Points Market Position and Opportunity - Nikola sees significant potential in the zero-emission Class A truck market, claiming a competitive edge over larger OEMs who are skeptical about the technology's viability until late in the decade [4][6] - The company believes it has a similar opportunity to what Tesla experienced, with a two-year head start on competitors in the hydrogen fuel cell electric truck segment [15] Revenue Model - Nikola aims to capture downstream revenue, which is expected to be more profitable and less cyclical than initial vehicle sales. This includes servicing, financing, and insurance [5] Production and Deliveries - Production of hydrogen fuel cell electric trucks began on July 31, with the first vehicle coming off the line two weeks prior to the call. Deliveries to dealers are expected to start in late September and early October [14] - The company has received over 210 non-binding orders for the hydrogen fuel cell truck from major fleet operators [15] Financial Position - Nikola raised $125 million recently and improved its cash position through reduced cash burn, which is expected to support operations through the fuel cell launch and into the next year [6][20] - The company increased its unrestricted cash position by $107 million in Q2 [20] Challenges and Recalls - Nikola issued a voluntary recall for its battery electric trucks due to thermal incidents linked to battery packs from Romeo Power. The recall involves returning trucks to the Coolidge facility for repairs [8][12] - The recall does not affect the production or delivery of hydrogen fuel cell trucks, as they use a different battery pack [15] Hydrogen Infrastructure - Nikola is establishing a hydrogen refueling ecosystem in California, which has strong incentives for zero-emission trucks. The state is a key market due to its regulations and incentives [17] - The company plans to deploy at least nine hydrogen mobile fuelers in California to support operations [17] Future Outlook - Nikola is focused on executing the battery electric truck recall and ensuring adequate fueling solutions for hydrogen fuel cell trucks. The company aims for profitability by the end of 2025 [19][20] - The management expresses confidence in overcoming current challenges and appreciates customer support during this transition [20] Incentives and Customer Demand - California's innovative small e-fleet program offers significant vouchers for customers, enhancing the economic viability of Nikola's trucks [10][17] Additional Important Information - The call included a forward-looking statement cautioning that actual results may differ from expectations due to various factors [11] - The company has a new board member, John Vesco, who brings extensive experience in transportation and supply chain [7]

Nikola Corporation (NASDAQ:NKLA) Q2 2023 Earnings Conference Call August 4, 2023 10:30 AM ET Company Participants Dhillon Sandhu - IR Michael Lohscheller - CEO Stasy Pasterick - CFO Carey Mendes - President, Energy Steven Girsky - Chairman Conference Call Participants Mike Shlisky - D.A. Davidson Jeff Kauffman - Vertical Research Partners Bill Peterson - JP Morgan Winnie Dong - Deutsche Bank Tyler DiMatteo - BTIG Operator Thank you, Dylan and good morning, everyone. Again, welcome to our Second Quarter Earn ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38495 Nikola Corporation (Exact Name of Registrant as Specified in Its Charter) Delaware 82-4151153 (State or other jurisdiction of incorpo ...

Nikola Corporation (NASDAQ:NKLA) Nikola CEO Fireside Chat and Q&A Webcast Conference Transcript June 1, 2023 4:30 PM ET Executives Dhillon Sandhu - Investor Relation Michael Lohscheller - Chief Executive Officer Analysts Michael Lohscheller Good afternoon, everyone, and thank you for joining me for our Chat and Q&A. I???m Michael Lohscheller, CEO of Nikola Corporation. The purpose of this discussion is to answer any questions you may have related to our upcoming Annual Meeting of Stockholders scheduled for ...

Nikola Corporation (NASDAQ:NKLA) Q1 2023 Results Conference Call May 9, 2023 10:30 AM ET Company Participants Dhillon Sandhu - IR Michael Lohscheller - CEO Stasy Pasterick - CFO Carey Mendes - President, Energy Conference Call Participants Jeff Kauffman - Vertical Research Partners Bill Peterson - JP Morgan Dillon Cumming - Morgan Stanley Mike Shlisky - D.A. Davidson Winnie Dong - Deutsche Bank Tyler DiMatteo - BTIG Jeff Osborne - TD Cowen Operator Good morning and welcome to the Nikola Corporation First Qu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38495 Nikola Corporation (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of incorporation or organizat ...

Nikola Corporation (NASDAQ:NKLA) Q4 2022 Earnings Conference Call February 23, 2023 10:30 AM ET Company Participants Dhillon Sandhu - Investor Relations Michael Lohscheller - Chief Executive Officer Kim Brady - Chief Financial Officer Conference Call Participants Douglas Dutton - Evercore ISI Jeff Kauffman - Vertical Research Partners Bill Peterson - J.P. Morgan Jeff Osborne - Cowen & Company Mike Shlisky - D.A. Davidson Winnie Dong - Deutsche Bank Operator Good morning. Welcome to the Nikola Corporation's ...

Q4 & FY 2022 EARNINGS 6 m NIKOLA Forward-Looking Statements Use of Non-GAAP Financial Measures The Company believes that presenting these non-GAAP measures provides useful supplemental information to investors about the Company in understanding and evaluating its operating results, enhancing the overall understanding of its past performance and future prospects, and allowing for greater transparency with respect to key financial metrics used by its management in financial and operational-decision making. Ho ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38495 Nikola Corporation (Exact name of registrant as specified in its charter) | Delaware | 82-4151153 | | --- | - ...