Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Loss Before Provision for (Benefit from) Income Taxes

The following table presents components of loss before provision for (benefit from) income taxes for the periods presented (in thousands):

	Year Ended December 31,
	2022		2021		2020
United States	$	(445,720)	$	(239,855)	$	(362,338)
International	453		607		40
Loss before provision for (benefit from) income taxes	$	(445,267)	$	(239,248)	$	(362,298)

Schedule of Provision for Benefit From Income Taxes

Provision for (benefit from) income taxes for the periods presented consisted of (in thousands):

	Year Ended December 31,
	2022		2021		2020
Current:
Foreign	440		—		—
Total current:	440		—		—
Deferred:
U.S. federal	204		(1,262)		—
U.S. state	28		—		—
Total deferred:	232		(1,262)		—
Total provision for (benefit from) income taxes	$	672	$	(1,262)	$	—

Schedule of Effective Tax Rate

The reconciliation between the U.S. federal statutory income tax rate of 21% to the Company’s effective tax for the periods presented is as follows:

	Year Ended December 31,
	2022		2021		2020
U.S. federal provision at statutory rate	21.0	%	21.0	%	21.0	%
State income taxes	5.7		4.4		0.7
Tax credits	2.4		1.5		0.6
Fair value of financial instruments	0.4		(2.3)		(15.6)
Stock-based compensation expense	(3.4)		2.0		(0.4)
Executive compensation	(0.8)		(1.1)		0.0
Other permanent items	0.2		(0.3)		0.0
Uncertain tax benefits	(1.4)		(0.8)		(0.3)
Change in valuation allowance	(24.3)		(24.0)		(6.0)
Effective tax rate	(0.2	%)	0.4	%	0.0	%

Schedule of Deferred Tax Assets and Liabilities

The Company’s deferred income tax assets and liabilities as of December 31, 2022 and 2021 were as follows (in thousands):

	Year Ended December 31,
	2022		2021
Deferred tax assets:
Net operating loss carry forward	$	161,881	$	120,544
Tax credits	16,322		6,296
Accruals and reserves	3,309		—
Stock-based compensation expense	14,535		6,944
Lease liability (ASC 842)	6,268		2,622
Section 174 R&D capitalization	43,240		—
Inventory reserves	1,961		617
Depreciation and amortization	2,170		—
Other	20		15
Total deferred tax assets	249,706		137,038
Valuation allowance	(243,811)		(130,569)
Total deferred tax asset	5,895		6,469
Deferred tax liabilities:
Depreciation and amortization	—		1,185
Prepaid expenses	—		2,983
Other	162		—
ROU asset (ASC 842)	5,801		2,301
Total deferred tax liabilities	5,963		6,469
Net deferred tax assets (liabilities)	$	(68)	$	—

Schedule of Reconciliation of the Total Amounts of Unrecognized Tax Benefits

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (in thousands):

	Year Ended December 31,
	2022		2021		2020
Unrecognized tax benefits as of the beginning of the year	$	6,296	$	3,975	$	2,397
Increases related to prior year tax positions	—		535		327
Decreases related to prior year tax provisions	(3,723)		—		—
Increase related to current year tax positions	6,031		1,786		1,251
Unrecognized tax benefits as of the end of the year	$	8,604	$	6,296	$	3,975