Nikola Corporation Reports Fourth Quarter and Full Year 2022 Results

February 23, 2023

Nikola Tre FCEV DevelopmentTre FCEV pilot testing with Walmart and TTSI has been successfully completed. Nikola Tre BEV CommercializationDuring the fourth quarter, we produced 133 Nikola Tre BEVs delivering 20 to dealers. PlusDrive in Nikola TrucksOn February 22, we announced the selection of PlusDrive, the next generation safety system developed by Plus, for the Nikola Tre BEV and Nikola Tre FCEV in the U.S. However, there are a number of limitations related to the use of non-GAAP measures and their nearest GAAP equivalents. For example, other companies may calculate non-GAAP measures differently or may use other measures to calculate their financial performance, and therefore any non-GAAP measures the Company uses may not be directly comparable to similarly titled measures of other companies.

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