Nikola Results Presentation Deck

05 // PAGE NIKOLA TRE FCEV ALPHA PROGRAM UPDATE (1) Alpha Timeline 2021 KEY MILESTONES 1 2 Q1 2021 3 Product Definition Product Development Prototype Build (Ulm) 4 Prototype Build (Coolidge) 5 Commissioning (Aug '21) First (2) Alpha (US spec) builds in Ulm, Germany Calibration & Testing (Oct '21) TRUCK UPDATES Alpha builds (5) in Coolidge, AZ Q2 2021 1) All dates that are in the future are anticipated, planned, and subject to change COOLIDGE FACILITY UPDATE Current Stage in Process 3 4 Alpha Commissioning Alpha Commissioning Q3 2021 Alpha Validation Alpha Validation Q4 2021 Road release (under limited conditions) & start of pilot with AB LA Dec. 2021 2022 ANHEUSER-BUSCH ULM FACILITY UPDATE WVR DEALER NETWORK Q2 2021 RESULTS Q3 & FY 2021 OUTLOOK APPENDIX

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