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Nikola delivered 35 hydrogen fuel cell electric trucks in Q4

Delivered the first production hydrogen fuel cell electric truck available in North America. Delivered 35 hydrogen fuel cell electric trucks in Q4 ending the period with no finished goods inventory. From October 2023 through January 31, 2024, 225 additional voucher requests have been submitted in Calif. for hydrogen fuel cell electric trucks, all for Nikola. Remain on track to get the first battery-electric trucks back into end user hands by the end of Q1. Opened first HYLA modular refueling station in Ontario, Calif. and announced partnership with FirstElement Fuel in Oakland, Calif. providing fleets with fueling solutions in Northern and Southern Calif. During Q4 raised $230.3M, ending the year with $464.7M of unrestricted cash, highest unrestricted cash balance since Q4 2021.

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