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Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2025
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 June 30,Six Months Ended June 30,
 2025202420252024
Automotive sales$15,787 $18,530 $28,712 $34,990 
Automotive regulatory credits439 890 1,034 1,332 
Energy generation and storage sales2,646 2,866 5,267 4,388 
Services and other3,046 2,608 5,684 4,896 
Total revenues from sales and services21,918 24,894 40,697 45,606 
Automotive leasing435 458 882 934 
Energy generation and storage leasing143 148 252 261 
Total revenues$22,496 $25,500 $41,831 $46,801 
Schedule of Sales-type and Direct Financing Leases, Lease Receivables, Gross Difference
Lease receivables relating to sales-type leases are presented on the consolidated balance sheets as follows (in millions):
 June 30, 2025December 31, 2024
Gross lease receivables$382 $484 
Unearned interest income(25)(38)
Allowance for expected credit losses(6)(6)
Net investment in sales-type leases$351 $440 
Reported as:
Prepaid expenses and other current assets$152 $152 
Other non-current assets199 288 
Net investment in sales-type leases$351 $440 
Schedule of Net Income per Share of Common Stock Attributable to Common Stockholders
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 June 30,Six Months Ended June 30,
2025202420252024
Net income attributable to common stockholders (1)$1,172 $1,400 $1,581 $2,790 
Less: Buy-outs of noncontrolling interest— — — (42)
Net income used in computing basic and diluted net income per share of common stock$1,172 $1,400 $1,581 $2,832 
(1)As a result of the adoption of ASU No. 2023-08, Accounting for and Disclosure of Crypto Assets, the previously reported periods in 2024 have been recast. See Recent Accounting Pronouncements below for further details.
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 June 30,Six Months Ended June 30,
2025202420252024
Weighted average shares used in computing net income per share of common stock, basic3,2233,1913,2203,189
Add:
Stock-based awards296278300282
Convertible senior notes— 1— 1
Warrants— 11— 11
Weighted average shares used in computing net income per share of common stock, diluted3,5193,4813,5203,483
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 June 30,Six Months Ended June 30,
2025202420252024
Stock-based awards15251424
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):
 June 30,
2025		December 31,
2024		June 30,
2024		December 31,
2023
Cash and cash equivalents$15,587 $16,139 $14,635 $16,398 
Restricted cash included in prepaid expenses and other current assets559 494 374 543 
Restricted cash included in other non-current assets589 404 345 248 
Total as presented in the consolidated statements of cash flows$16,735 $17,037 $15,354 $17,189 
Schedule of Accrued Warranty Activity
Accrued warranty activity consisted of the following (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Accrued warranty - beginning of period$7,214 $5,353 $6,716 $5,152 
Warranty costs incurred(398)(340)(790)(668)
Net changes in liability for pre-existing warranties, including expirations and foreign exchange impact105 72 452 51 
Provision for warranty591 710 1,134 1,260 
Accrued warranty - end of period$7,512 $5,795 $7,512 $5,795 
Schedule of Operations for the Adoption of the ASU The following table presents the effects of these changes on the Company’s consolidated financial statements:
 
As of June 30, 2024
Consolidated Balance Sheets (unaudited):As Previously ReportedAdjustments from Adoption of the New Crypto Assets StandardAs Adjusted
Assets
Digital assets, net$184 $538 $722 
Deferred tax assets$6,692 $(119)$6,573 
Stockholders' equity
Retained earnings$30,489 $419 $30,908 
 
Three Months Ended June 30, 2024
Consolidated Statement of Operations (unaudited):As Previously ReportedAdjustments from Adoption of the New Crypto Assets StandardAs Adjusted
Other income (expense), net$20 $(100)$(80)
Provision for income taxes$393 $(22)$371 
Net income attributable to common stockholders$1,478 $(78)$1,400 
Net income per share attributable to common stockholders:
Basic$0.46 $(0.02)$0.44 
Diluted$0.42 $(0.02)$0.40 
 
Six Months Ended June 30, 2024
Consolidated Statement of Operations (unaudited):As Previously ReportedAdjustments from Adoption of the New Crypto Assets StandardAs Adjusted
Other income, net$128 $235 $363 
Provision for income taxes$802 $52 $854 
Net income attributable to common stockholders$2,607 $183 $2,790 
Net income per share attributable to common stockholders:
Basic$0.83 $0.06 $0.89 
Diluted$0.76 $0.05 $0.81