Recent decades have seen a renewed interest in the field of structural stability due to new applications involving smart and deployable structures, micro- and nanocomponents and mechanical metamaterials, among others. In many of these structures multistable behaviour is desirable, which can be accomplished by traditional and new materials capable of undergoing large elastic deformations. In this paper the nonlinear behaviour, stability and vibrations of a hyperelastic neo-Hookean truss exhibiting multistable behaviour is investigated. In such case, the large deformation theory is essential to model the truss members. Most papers in the literature dealing with this problem is however restricted to linear material behaviour. In the present work a detailed parametric analysis of shallow and steep trusses under horizontal or vertical loads, considering elasticity in the fully non-linear range is employed to derive the nonlinear equilibrium and motion equations. Then, all equilibrium paths are obtained and their stability is investigated using the minimum energy principle, natural frequencies and the basins of attraction concept. Load and geometric imperfections are considered. The results show that the simultaneous presence of geometric and materials nonlinearities lead to new equilibrium paths which are not expected for linear elastic materials, resulting in several coexisting stable and unstable solutions and a complex potential energy landscape, clarifying the influence of the constitutive hyperelastic model on the results. The present results may help the development of new engineering applications where multistability is wanted.