Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2023

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,
	2023		2022		2023		2022
Automotive sales	$	20,419	$	13,670	$	39,297	$	29,184
Automotive regulatory credits		282		344		803		1,023
Energy generation and storage sales		1,359		717		2,772		1,220
Services and other		2,150		1,466		3,987		2,745
Total revenues from sales and services		24,210		16,197		46,859		34,172
Automotive leasing		567		588		1,131		1,256
Energy generation and storage leasing		150		149		266		262
Total revenues	$	24,927	$	16,934	$	48,256	$	35,690

Lease Receivables 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, 2023			December 31, 2022
Gross lease receivables	$	882		$	837
Unearned interest income		(96	)		(95	)
Allowance for expected credit losses		(6	)		(4	)
Net investment in sales-type leases	$	780		$	738
Reported as:
Prepaid expenses and other current assets	$	187		$	164
Other non-current assets		593			574
Net investment in sales-type leases	$	780		$	738

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,
	2023		2022		2023			2022
Net income attributable to common stockholders	$	2,703	$	2,259	$	5,216		$	5,577
Less: Buy-out of noncontrolling interest		0		3		(5	)		8
Net income used in computing basic net income per share of common stock		2,703		2,256		5,221			5,569
Less: Dilutive convertible debt		0		0		0			1
Net income used in computing diluted net income per share of common stock	$	2,703	$	2,256	$	5,221		$	5,568

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, as adjusted to give effect to the three-for-one stock split effected in the form of a stock dividend in August 2022 (the “2022 Stock Split”) (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Weighted average shares used in computing net income per share of common stock, basic		3,171		3,111		3,168		3,107
Add:
Stock-based awards		294		302		292		308
Convertible senior notes		2		3		2		4
Warrants		11		48		11		50
Weighted average shares used in computing net income per share of common stock, diluted		3,478		3,464		3,473		3,469

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, as adjusted to give effect to the 2022 Stock Split (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Stock-based awards		15		3		17		2

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,
	2023		2022		2022		2021
Cash and cash equivalents	$	15,296	$	16,253	$	18,324	$	17,576
Restricted cash included in prepaid expenses and other    current assets		384		294		294		345
Restricted cash included in other non-current assets		199		377		269		223
Total as presented in the consolidated statements of cash flows	$	15,879	$	16,924	$	18,887	$	18,144

Schedule of Accrued Warranty Activity

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Accrued warranty—beginning of period	$	3,965		$	2,287		$	3,505		$	2,101
Warranty costs incurred		(296	)		(187	)		(576	)		(338	)
Net changes in liability for pre-existing warranties,    including expirations and foreign exchange impact		188			14			396			17
Provision for warranty		608			319			1,140			653
Accrued warranty—end of period	$	4,465		$	2,433		$	4,465		$	2,433