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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Revenues $ 25,182 $ 23,350 $ 71,983 $ 71,606
Cost of revenues        
Total cost of revenues 20,185 19,172 58,712 58,384
Gross profit 4,997 4,178 13,271 13,222
Operating expenses        
Research and development 1,039 1,161 3,264 2,875
Selling, general and administrative 1,186 1,253 3,837 3,520
Restructuring and other 55 0 677 0
Total operating expenses 2,280 2,414 7,778 6,395
Income from operations 2,717 1,764 5,493 6,827
Interest income 429 282 1,127 733
Interest expense (92) (38) (254) (95)
Other (expense) income, net (270) 37 (142) 317
Income before income taxes 2,784 2,045 6,224 7,782
Provision for income taxes 601 167 1,403 751
Net income 2,183 1,878 4,821 7,031
Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries 16 25 47 (38)
Net income attributable to common stockholders $ 2,167 $ 1,853 $ 4,774 $ 7,069
Net income per share of common stock attributable to common stockholders        
Basic (in dollars per share) $ 0.68 $ 0.58 $ 1.51 $ 2.23
Diluted (in dollars per share) $ 0.62 $ 0.53 $ 1.38 $ 2.03
Weighted average shares used in computing net income per share of common stock        
Basic (in shares) 3,198 3,176 3,192 3,171
Diluted (in shares) 3,497 3,493 3,489 3,481
Automotive Revenues        
Revenues        
Revenues $ 20,016 $ 19,625 $ 57,272 $ 60,856
Cost of revenues        
Total cost of revenues 15,990 15,957 46,363 48,891
Automotive sales        
Revenues        
Revenues 18,831 18,582 53,821 57,879
Cost of revenues        
Total cost of revenues 15,743 15,656 45,602 47,919
Automotive regulatory credits        
Revenues        
Revenues 739 554 2,071 1,357
Automotive leasing        
Revenues        
Revenues 446 489 1,380 1,620
Cost of revenues        
Total cost of revenues 247 301 761 972
Energy generation and storage        
Revenues        
Revenues 2,376 1,559 7,025 4,597
Cost of revenues        
Total cost of revenues 1,651 1,178 5,157 3,770
Services and other        
Revenues        
Revenues 2,790 2,166 7,686 6,153
Cost of revenues        
Total cost of revenues $ 2,544 $ 2,037 $ 7,192 $ 5,723