Nikola Results Presentation Deck

90 PAGE NIKOLA Nikola Tre FCEV Timeline (1) KEY POINTS The Nikola Tre FCEV will be developed for two distinct markets (US / EU) Three distinct build phases (alpha / beta / gamma) with customer deliverable trucks Each build to be done in both Germany (Ulm) and Arizona (Coolidge) in all phases US SOP timing planned for June 2023; EU SOP timing planned for Q1, 2024 Product Timeline STREFCEV Phoenix, Arizona Ulm, Germany 1) Anticipated Timeline. TRUCK UPDATES Q4 2020 Alpha Design Finalized Start Alpha Builds 2021 Start Alpha Vehicle testing Start Alpha Builds Anheuser-Busch Pilot w/ AB Road Trials Start Beta Builds 2022 Start Beta Builds Start Beta Fleet Trials Beta Fleet Customer ULM FACILITY UPDATE COOLIDGE FACILITY UPDATE Q4 & FY 2020 RESULTS H2HAUL Start Gamma Builds (PHX) Iveco Project Funding by EU FY 2021 OUTLOOK 2023 Start of Production Tre FCEV North America APPENDIX Q12024 Start of Production Tre FCEV EU

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