Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Automotive sales	$	18,582	$	17,785	$	57,879	$	46,969
Automotive regulatory credits	554		286		1,357		1,309
Energy generation and storage sales	1,416		966		4,188		2,186
Services and other	2,166		1,645		6,153		4,390
Total revenues from sales and services	22,718		20,682		69,577		54,854
Automotive leasing	489		621		1,620		1,877
Energy generation and storage leasing	143		151		409		413
Total revenues	$	23,350	$	21,454	$	71,606	$	57,144

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):

	September 30, 2023		December 31, 2022
Gross lease receivables	$	803	$	837
Unearned interest income	(84)		(95)
Allowance for expected credit losses	(6)		(4)
Net investment in sales-type leases	$	713	$	738
Reported as:
Prepaid expenses and other current assets	$	178	$	164
Other non-current assets	535		574
Net investment in sales-type leases	$	713	$	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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net income attributable to common stockholders	$	1,853	$	3,292	$	7,069	$	8,869
Less: Buy-out of noncontrolling interest	2		—		(3)		8
Net income used in computing basic net income per share of common stock	1,851		3,292		7,072		8,861
Less: Dilutive convertible debt	(0)		(0)		(0)		(1)
Net income used in computing diluted net income per share of common stock	$	1,851	$	3,292	$	7,072	$	8,862

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 September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
Weighted average shares used in computing net income per share of common stock, basic	3,176	3,146	3,171	3,120
Add:
Stock-based awards	304	301	297	311
Convertible senior notes	2	2	2	4
Warrants	11	19	11	39
Weighted average shares used in computing net income per share of common stock, diluted	3,493	3,468	3,481	3,474

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 September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
Stock-based awards	13	3	12	3

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):

	September 30, 2023		December 31, 2022		September 30, 2022		December 31, 2021
Cash and cash equivalents	$	15,932	$	16,253	$	19,532	$	17,576
Restricted cash included in prepaid expenses and other current assets	453		294		382		345
Restricted cash included in other non-current assets	205		377		235		223
Total as presented in the consolidated statements of cash flows	$	16,590	$	16,924	$	20,149	$	18,144

Schedule of Accrued Warranty Activity

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Accrued warranty—beginning of period	$	4,465	$	2,433	$	3,505	$	2,101
Warranty costs incurred	(335)		(236)		(911)		(574)
Net changes in liability for pre-existing warranties, including expirations and foreign exchange impact	15		156		426		158
Provision for warranty	577		418		1,702		1,086
Accrued warranty—end of period	$	4,722	$	2,771	$	4,722	$	2,771