Note 4 - Inventory

As of June 30, 2016 and December 31, 2015, our inventory consisted of the following (in thousands):

	June 30,		December 31,
	2016		2015
Raw materials	$	436,953	$	528,935
Work in process		289,307		163,830
Finished goods		754,828		476,512
Service parts		128,519		108,561
Total	$	1,609,607	$	1,277,838

Finished goods inventory includes vehicles in transit to fulfill customer orders, new vehicles available for immediate sale at our retail and service center locations, pre-owned Tesla vehicles, and energy products.