Nikola SPAC Presentation Deck

VECTOIQ ACQUISITION CORP OVERVIEW STEPHEN GIRSKY President, Chief Executive Officer and Director • Former GM Board Vice Chairman Helped lead GM out of bankruptcy, stabilized its European operations, and led overall GM strategy MARY CHAN Chief Operating Officer • Operating experience at General Motors (President of OnStar/Connected Consumer) Previous SVP of Dell Enterprise Mobility Solutions and EVP of Alcatel-Lucent Wireless Networks Current director of Magna International, Dialog Semiconductor, and SBA Communications STEVE SHINDLER Chief Financial Officer • Former CEO at NII Holdings Currently a director of Nill Holdings • Previous leadership experience as CFO of Nextel Communications and Managing Director of Toronto- Dominion Bank Founding partner of RIME Communications Capital, a firm that has invested in early stage media, tech, and telco companies MINDY LUXENBERG-GRANT Treasurer • Chief Financial Officer of VectolQ, LLC • Founder and CFO of Headhaul Capital Partners • Previous leadership experience at Jefferies Capital Partners, PricewaterhouseCoopers, and Western NIS Enterprise Fund Broad and deep expertise to identify and foster unique industrial business models VectolQ VECTOIQ OVERVIEW . VectolQ Acquisition Corp. (Nasdaq:VTIO) is a $230M publicly traded Special Purpose Acquisition Company ("SPAC) formed for the purpose of effecting a merger, acquisition or similar business combination within 24 months of its IPO, which was completed May 18, 2018 • Sponsored by VectolQ Holdings, LLC (including P. Schoenfeld Asset Management) and Cowen VectolQ LLC is involved with a number of different emerging technology companies across the smart transportation value chain either as an advisor, investor or both • Led by a management team with highly relevant experience: - Public company experience both operating and in the board room Complementary and overlapping networks - Deep understanding of technology and its impact on transportation VECTOIQ ADVISORS FOR NIKOLA OPPORTUNITY LARRY NITZ Former Head of Electrification, GM MO WAZIR Former Head of Electrical Engineering, GM Product Development and Purchasing Expertise BILL SHAW Former Manufacturing Engineer and Product Launch Expert. GM KARL THOMAS NEUMANN Board Member, Hyundai Mobis Former VW, Continental, GM MARK MATHIAS Former Director, GM Fuel Cell R&D STEFAN JACOBY Former GM, VW, Volvo TIM NIXON Former Head of OnStar Engineering. GM

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