Nikola Investor Day Presentation Deck

ADAM S. ASKED: "The company reputation is marred from the Trevor Milton debacle and there has been no other major news to reverse public opinion. How do you intend to restore current and potential shareholder trust in Nikola?" NIKOLA RESPONSE: We recognize that since 2020 there has been shareholder concern over our reputation. We believe first and foremost that trust is the most important element of our relationship with our shareholders. To develop trust with our shareholders, we set realistic operational and financial milestones and have been delivering on those milestones for the past seven quarters since the end of 2020. In the past two years, we completed Phase 1 of our Coolidge plant construction, and are on track to completing Phase 2 by the end of 2022 / first quarter of 2022. We successfully developed and began commercial deliveries of the Tre-BEV in the second quarter of 2022. We have been providing clear guidance to our quarterly results. We will continue to strive to be the most transparent company in our peer group. Through active participation in investor conferences and fireside chats, we have been working to improve our investor communications. Additionally, we have successfully tested our Alpha Tre FCEV with Anheuser- Busch, and are currently undergoing testing with TTSI and Walmart. To enhance our individual investor communications, we have begun utilizing the Say Technologies Q&A platform this year. The second quarter gave us our first opportunity to engage directly with our individual shareholders in a public forum, and we welcome constructive feedback on what we can do better to improve our communications with our investors both large and small. SAIA CTL Freigh SALA SALA CO VIRE CALA 238000 PS-22 NIKOLA

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