Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Schedule of Disaggregation of Revenue by Major Source

The following table disaggregates our revenue by major source (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Automotive sales without resale value guarantee	$	13,518	$	9,332	$	28,843	$	17,345
Automotive sales with resale value guarantee		152		188		341		362
Automotive regulatory credits		344		354		1,023		872
Energy generation and storage sales		717		653		1,220		1,036
Services and other		1,466		951		2,745		1,844
Total revenues from sales and services		16,197		11,478		34,172		21,459
Automotive leasing		588		332		1,256		629
Energy generation and storage leasing		149		148		262		259
Total revenues	$	16,934	$	11,958	$	35,690	$	22,347

Lease Receivable Relating to Sales-Type Lease

Lease receivables relating to sales-type leases are presented on the consolidated balance sheets as follows (in millions):

	June 30, 2022			December 31, 2021
Gross lease receivables	$	682		$	427
Unearned interest income		(79	)		(50	)
Allowance for expected credit losses		(3	)		(1	)
Net investment in sales-type leases	$	600		$	376
Reported as:
Prepaid expenses and other current assets	$	129		$	73
Other non-current assets		471			303
Net investment in sales-type leases	$	600		$	376

Schedule of Reconciliation of Net Income Used in Computing Basic and Diluted Net Income Per Share of Common Stock and Basic to Diluted Weighted Average Shares Used in Computing Net Income Per Share of Common Stock

The following table presents the reconciliation of net income attributable to common stockholders to net income used in computing basic and diluted net income per share of common stock (in millions):

	Three Months Ended June 30,					Six Months Ended June 30,
	2022		2021			2022		2021
Net income attributable to common stockholders	$	2,259	$	1,142		$	5,577	$	1,580
Less: Buy-out of noncontrolling interest		3		—			8		—
Net income used in computing basic net income per share of common stock		2,256		1,142			5,569		1,580
Less: Dilutive convertible debt		0		(2	)		1		(6	)
Net income used in computing diluted net income per share of common stock	$	2,256	$	1,144		$	5,568	$	1,586

The following table presents the reconciliation of basic to diluted weighted average shares used in computing net income per share of common stock attributable to common stockholders (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Weighted average shares used in computing net income per share of common stock, basic		1,037		971		1,036		966
Add:
Stock-based awards		101		93		103		95
Convertible senior notes		1		10		1		16
Warrants		16		45		16		49
Weighted average shares used in computing net income per share of common stock, diluted		1,155		1,119		1,156		1,126

Schedule of Potentially Dilutive Shares that were Excluded from Computation of Diluted Net Income per Share of Common Stock

The following table presents the potentially dilutive shares that were excluded from the computation of diluted net income per share of common stock attributable to common stockholders, because their effect was anti-dilutive (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Stock-based awards		1		1		1		0
Convertible senior notes		—		0		—		1

Schedule of Cash and Cash Equivalents and Restricted Cash

Our total cash and cash equivalents and restricted cash, as presented in the consolidated statements of cash flows, was as follows (in millions):

	June 30,		December 31,		June 30,		December 31,
	2022		2021		2021		2020
Cash and cash equivalents	$	18,324	$	17,576	$	16,229	$	19,384
Restricted cash included in prepaid expenses and other    current assets		294		345		326		238
Restricted cash included in other non-current assets		269		223		270		279
Total as presented in the consolidated statements of cash flows	$	18,887	$	18,144	$	16,825	$	19,901

Schedule of Accrued Warranty Activity

Accrued warranty activity consisted of the following (in millions):

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Accrued warranty—beginning of period	$	2,287		$	1,534		$	2,101		$	1,468
Warranty costs incurred		(187	)		(125	)		(338	)		(241	)
Net changes in liability for pre-existing warranties,    including expirations and foreign exchange impact		14			7			17			6
Provision for warranty		319			275			653			458
Accrued warranty—end of period	$	2,433		$	1,691		$	2,433		$	1,691