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In February 2020, Nikola Corporation (NASDAQ: NKLA), a global leader in zero-emissions and infrastructure solutions, made industry headlines when it announced its entry into the electric pick-up market with its advanced electric pickup, Nikola Badger, designed to outperform pickups in its class. Since then, consumers have anxiously awaited today’s announcement that preorders are now being accepted at 11 AM ET. Preorders received before November 15, 2020 will also be entered to win a Badger, receive a match of your deposit, up to $5,000 off the final purchase price of the vehicle, and be invited to the Badger debut at Nikola World, which is slated for December 3-5, 2020 in Phoenix, Ariz. “The technology on the Badger is next to none; it has one of the most advanced powertrains and infotainment systems on the market. The features include over-the-air updates, keyless entry, independent torque control of every wheel, 906 HP, 980 ft. lbs. of torque, 15 kilowatt power export with 220V

11 FEBRUARY 2020 NIKOLA UNVEILS THE BADGER – THE WORLD'S MOST ADVANCED ZERO-EMISSION FCEV / BEV PICKUP TRUCK WITH AN ESTIMATED 600 MILE RANGE Will be available in FCEV (Fuel-Cell Electric) or BEV (Battery-Electric) Manufacturing through an OEM partnership; to be announced soon Electric 0-60 mph in approximately 2.9 seconds Truck can operate on FCEV / battery-blend or BEV mode at any given time Badger can generate over 906 horsepower, 980 ft. lbs. of torque and an estimated 600-mile range Badger can drive 300 miles in BEV mode for those that do not have access to hydrogen The Badger will make its first appearance at Nikola World 2020; expected in September Nikola is currently planning 700 hydrogen stations to give North America hydrogen coverage Initial hydrogen station locations are finalized and will be announced this quarter Limited reservations available in 2020. Sign up for updates at www.nikolamotor.com/badger Nikola Corporation is excited to annou