Property, Plant and Equipment, Net

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net

Our property, plant and equipment, net, consisted of the following (in millions):

	September 30, 2023		December 31, 2022
Machinery, equipment, vehicles and office furniture	$	15,077	$	13,558
Tooling	2,865		2,579
Leasehold improvements	2,892		2,366
Land and buildings	8,584		7,751
Computer equipment, hardware and software	3,225		2,072
Construction in progress	6,341		4,263
	38,984		32,589
Less: Accumulated depreciation	(11,240)		(9,041)
Total	$	27,744	$	23,548

Construction in progress is primarily comprised of construction of Gigafactory Texas, and equipment and tooling related to the manufacturing of our products.

Depreciation expense during the three and nine months ended September 30, 2023 was $897 million and $2.44 billion, respectively. Depreciation expense during the three and nine months ended September 30, 2022 was $620 million and $1.75 billion, respectively.