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 | | --- | - ...

Nikola Corporation (NASDAQ:NKLA) Q3 2022 Earnings Conference Call November 3, 2022 10:30 AM ET Company Participants Henry Kwon - Director, Investor Relations Michael Lohscheller - President Mark Russell - Chief Executive Officer Kim Brady - Chief Financial Officer Conference Call Participants Douglas Dutton - Evercore ISI Bill Peterson - JPMorgan Chris McNally - Evercore ISI Jeff Osborne - Cowen Operator Good morning, and welcome to the Nikola Corporation's Third Quarter 2022 Earnings Call. [Operator Instr ...

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, 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 (State or other jurisdiction of in ...

Nikola Corporation (NASDAQ:NKLA) Q2 2022 Earnings Conference Call August 4, 2022 9:30 AM ET Company Participants Henry Kwon - Director, Investor Relations Mark Russell - Chief Executive Officer Kim Brady - Chief Financial Officer Conference Call Participants Jeff Kaufman - Vertical Research Partners Mike Shlisky - D.A. Davidson Greg Lewis - BTIG Bill Peterson - JPMorgan Operator Good morning. And welcome to Nikola Corporation???s Second Quarter 2022 Earnings Call. At this time, all participants are in a lis ...

A U G U S T 4 , 2 0 2 2 Q 2 2 0 2 2 E A R N I N G S C A L L Forward-Looking Statements / This presentation contains forward-looking statements within the meaning of the federal securities laws with respect to Nikola Corporation (the "Company"), including statements relating to the Company's future financial outlook and future business performance and milestones and its ability achieve the future results and execute on its business plan; expectations regarding its manufacturing facility expansion and product ...

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, 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 (State or other jurisdiction of incorpo ...

Summary of Nikola Corporation Conference Call Company Overview - **Company**: Nikola Corporation (NASDAQ: NKLA) - **Industry**: Clean Energy and Transportation, specifically focusing on hydrogen and battery electric vehicles (BEVs) Key Points and Arguments Production and Supply Chain - Nikola aims to deliver between **300 to 500 trucks** in the current year, with enough battery cells allocated to build **500 trucks** [3][4] - Current production is approximately **2 trucks per day**, with a target of **5 trucks per day** by year-end [5] - Supply chain constraints are being actively managed, with senior management reviewing critical components bi-weekly [5] - The company is confident in reaching a production rate of **3 trucks per day** soon [5] Future Production Guidance - For **2023**, Nikola has enough battery cells to build up to **2,300 trucks** [7] - Proterra will provide battery modules and packs, expected to be available for production in **2023** [7][9] - Nikola plans to develop its own battery packs by the end of **2023** to reduce manufacturing risks [9] Hydrogen Fuel Cell Trucks - Nikola is producing and selling the **Nikola Tre BEV** for short-haul applications, representing **20%** of the Class 8 market [11] - The hydrogen fuel cell truck production is set to begin in the **second half of 2023**, with Nikola positioned ahead of competitors [11][13] - The fuel cell truck will have a range of up to **500 miles** and a refueling time of **10 to 15 minutes** [39] Hydrogen Ecosystem and Infrastructure - Nikola is focused on building a hydrogen transportation ecosystem to achieve cost parity with diesel, targeting a total cost of ownership between **$0.90 to $1.30 per mile** [17] - The company plans to partner with infrastructure players to develop hydrogen production hubs and dispensing locations [22][23] - The first hydrogen production hub will be in Arizona, in partnership with **TC Energy** [23][34] Economic Model and Revenue Generation - Nikola's business model bundles truck acquisition costs with fuel and maintenance, providing a competitive advantage [21] - The company anticipates generating more revenue from fuel sales than from truck sales as the fleet of fuel cell trucks grows [26] - Hydrogen production tax credits could significantly reduce costs, potentially leading to "almost free hydrogen" [28][25] Market Position and Competition - Nikola differentiates its BEV trucks with the longest range and largest battery pack in the market [51] - The company is focused on execution and speed to market, aiming to capture market share quickly [53] - Nikola's strategy is to balance long-term value creation with the need for positive cash flow [55] Financial Outlook - Nikola aims to maintain liquidity of **$800 million to $900 million** by year-end [49] - The company is cautious about raising additional capital due to current stock price concerns [47] Strategic Partnerships and Future Plans - Nikola is exploring additional partnerships for hydrogen production and dispensing locations, with plans to disclose more in the second half of the year [36] - The company is optimistic about the future of hydrogen mobility and the energy transition, viewing it as a significant growth opportunity [36] Additional Important Insights - The hydrogen economy is seen as crucial for decarbonization, with Nikola positioned to lead in this transition [16] - The company is actively managing cash flow and liquidity to navigate the current market environment [46] - Nikola's focus on vertical integration aims to reduce risks associated with battery module and pack manufacturing [9] This summary encapsulates the key insights from Nikola Corporation's conference call, highlighting the company's strategic direction, production goals, and market positioning within the clean energy and transportation sector.

Nikola Corporation (NASDAQ:NKLA) Deutsche Bank Global Auto Industry Conference Call June 16, 2022 10:25 AM ET Company Participants Kim Brady - Chief Financial Officer Conference Call Participants Emmanuel Rosner - Deutsche Bank Emmanuel Rosner Emmanuel Rosner, I'm the lead U.S. auto and automotive technology analyst here at Deutsche Bank. I'm very pleased to be joined this morning by Kim Brady, who's the CFO of Nikola. Nikola, ???as all of you know, is a manufacturer of zero emission vehicle for commercial ...

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