Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

Deferred revenue activity related to the access to our Supercharger network, internet connectivity, autopilot and over-the-air software updates on automotive sales with and without resale value guarantee consisted of the following (in thousands):

	Three Months Ended March 31, 2018
Deferred revenue on automotive sales with and without resale value guarantee— beginning of period	$	475,919
Additions		70,227
Net changes in liability for pre-existing contracts		2,882
Revenue recognized		(21,611	)
Deferred revenue on automotive sales with and without resale value guarantee— end of period	$	527,417

Schedule of Disaggregation of Revenue by Major Source

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

	Three Months Ended March 31, 2018
Automotive sales without resale value guarantee	$	2,182,514
Automotive sales with resale value guarantee		299,038
Automotive regulatory credits		80,329
Energy generation and storage sales		297,895
Services and other		263,412
Total revenues from sales and services		3,123,188
Automotive leasing		173,436
Energy generation and storage leasing		112,127
Total revenues	$	3,408,751

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

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

	Three Months Ended March 31,
	2018		2017
Stock-based awards		9,630,761		9,738,595
Convertible senior notes		1,527,584		2,370,788
Warrants		301,504		595,104

Schedule of Cash and Cash Equivalents and Restricted Cash

The following table totals cash and cash equivalents and restricted cash as reported on the consolidated balance sheets; the sums are presented on the consolidated statements of cash flows (in thousands):

	March 31,		December 31,		March 31,		December 31,
	2018		2017		2017		2016
Cash and cash equivalents	$	2,665,673	$	3,367,914	$	4,006,593	$	3,393,216
Restricted cash		120,194		155,323		88,946		105,519
Restricted cash, net of current portion		433,841		441,722		330,223		268,165
Total as presented in the consolidated statements of cash flows	$	3,219,708	$	3,964,959	$	4,425,762	$	3,766,900

Schedule of Accrued Warranty Activity

	Three Months Ended March 31,
	2018			2017
Accrued warranty—beginning of period	$	401,790		$	266,655
Warranty costs incurred		(44,681	)		(23,016	)
Net changes in liability for pre-existing warranties, including expirations and foreign exchange impact		501			(3,510	)
Additional warranty accrued from adoption of the new revenue standard		37,139			—
Provision for warranty		71,117			66,822
Accrued warranty—end of period	$	465,866		$	306,951

Adoption of ASU 2014-09 [Member]

Schedule of Impact of New Revenue Standard on Consolidated Financial Statements

Accordingly, the cumulative effect of the changes made to our consolidated January 1, 2018 consolidated balance sheet for the adoption of the new revenue standard was as follows (in thousands):

	Balances at December 31, 2017			Adjustments from Adoption of New Revenue Standard			Balances at January 1, 2018
Assets
Inventory	$	2,263,537		$	(27,009	)	$	2,236,528
Prepaid expenses and other current assets		268,365			51,735			320,100
Operating lease vehicles, net		4,116,604			(1,808,932	)		2,307,672
Other assets		273,123			68,355			341,478
Liabilities
Accrued liabilities and other		1,731,366			74,487			1,805,853
Deferred revenue		1,015,253			(436,737	)		578,516
Resale value guarantees		787,333			(295,909	)		491,424
Customer deposits		853,919			56,081			910,000
Deferred revenue, net of current portion		1,177,799			(429,771	)		748,028
Resale value guarantees, net of current portion		2,309,222			(1,346,179	)		963,043
Other long-term liabilities		2,442,970			104,767			2,547,737
Redeemable noncontrolling interests in subsidiaries		397,734			8,101			405,835
Equity
Accumulated other comprehensive gain		33,348			15,221			48,569
Accumulated deficit		(4,974,299	)		623,172			(4,351,127	)
Noncontrolling interests in subsidiaries		997,346			(89,084	)		908,262

In accordance with the new revenue standard requirements, the impact of adoption on our consolidated balance sheet was as follows (in thousands):

	March 31, 2018
	As Reported			Balances Without Adoption of New Revenue Standard			Effect of Change Higher / (Lower)
Assets
Inventory	$	2,565,826		$	2,597,055		$	(31,229	)
Prepaid expenses and other current assets		379,379			325,367			54,012
Operating lease vehicles, net		2,315,124			4,254,727			(1,939,603	)
Other assets		415,478			340,390			75,088
Liabilities
Accrued liabilities and other		1,898,431			1,829,478			68,953
Deferred revenue		536,465			987,591			(451,126	)
Resale value guarantees		629,112			975,233			(346,121	)
Customer deposits		984,823			926,236			58,587
Deferred revenue, net of current portion		818,250			1,297,897			(479,647	)
Resale value guarantees, net of current portion		756,800			2,173,643			(1,416,843	)
Other long-term liabilities		2,561,886			2,446,724			115,162
Redeemable noncontrolling interests in subsidiaries		405,835			397,904			7,931
Equity
Accumulated other comprehensive gain		82,921			52,150			30,771
Accumulated deficit		(5,051,292	)		(5,707,801	)		656,509
Noncontrolling interests in subsidiaries		863,876			949,784			(85,908	)

In accordance with the new revenue standard requirements, the impact of adoption on our consolidated statement of operations and consolidated statement of comprehensive loss was as follows (in thousands):

	Three Months Ended March 31, 2018
	As Reported			Balances Without Adoption of New Revenue Standard			Effect of Change Higher / (Lower)
Revenues
Automotive sales	$	2,561,881		$	2,262,843		$	299,038
Automotive leasing		173,436			338,375			(164,939	)
Energy generation and storage		410,022			413,465			(3,443	)
Cost of revenues
Automotive sales		2,091,397			1,875,272			216,125
Automotive leasing		104,496			225,581			(121,085	)

Provision for income taxes		5,605			6,332			(727	)
Net loss		(784,627	)		(820,970	)		36,343
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries		(75,076	)		(78,082	)		3,006
Net loss attributable to common stockholders		(709,551	)		(742,888	)		33,337
Foreign currency translation adjustment		49,573			34,023			15,550
Comprehensive loss		(659,978	)		(708,865	)		48,887