Nikola Results Presentation Deck

04 PAGE NIKOLA TRE BEV UPDATE TRE First Batch Nikola Tre BEV Winter Testing NIKI 01 NIKOLA First Batch Nikola Tre BEV Winter Testing N XTRA A Second Batch Nikola Tre BEV at Nikola HQ NIKOLA TRE BEV KEY UPDATES Nikola continues validation activities on the first five trucks O Tre #1 has been sent to proving grounds for powertrain validation Tre #2 is in the process of road load data acquisition and n-poster correlation Tre #3 remains in Arizona for continued software, HMI, and controls development O Tre #4 remains in Arizona for commissioning and is in preparation for customer demos and other events O Tre #5 remains in Germany for continued braking validation • Assembly of the second batch of nine beta trucks is underway O Eight trucks of the second batch have been completed Three trucks are in Arizona at Nikola's HQ One truck is in Indiana for crash testing Four trucks are in transit to Nikola HQ in Arizona ■ ■ The ninth truck will be is expected to be completed by May 10 The four trucks in transit and the ninth truck are all expected to arrive at Nikola's HQ by May 31 ■ TRUCK UPDATES ULM FACILITY UPDATE COOLIDGE FACILITY UPDATE RIG360 OGE ΤΑ Q1 2021 RESULTS Q2 & FY 2021 OUTLOOK APPENDIX

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