FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2022

FAIR VALUE MEASUREMENTS

Summary of the net gain (loss) on changes in fair value related to warrants

	Three months ended		Three months ended		Six months ended		Six months ended
	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Public Warrants	$	—	$	—	$	—	$	(27,180)
Private Warrants		1,797		877		277		8,919
Foxconn Warrants		—		—		—		—
Net gain (loss) on changes in fair value	$	1,797	$	877	$	277	$	(18,261)

Summary of the valuation of financial instruments

The following tables summarize the valuation of our financial instruments (in thousands):

	Total		Quoted prices in active markets (Level 1)		Prices with observable inputs (Level 2)		Prices with unobservable inputs (Level 3)
June 30, 2022
Cash and cash equivalents	$	235,686	$	235,686	$	—	$	—
Private Warrants		208		—		—		208
Foxconn Warrants		323		—		—		323

	Total		Quoted prices in active markets (Level 1)		Prices with observable inputs (Level 2)		Prices with unobservable inputs (Level 3)
December 31, 2021
Cash and cash equivalents	$	244,016	$	244,016	$	—	$	—
Private Warrants		485		—		—		485

Schedule of gain (loss) in fair value recognized in earnings

The following table summarizes the changes in our Level 3 financial instruments (in thousands):

	Balance at December 31, 2021		Additions		Settlements		Loss / (Gain) on fair value adjustments included in earnings		Balance at June 30, 2022
Private Warrants	$	485		—		—		(277)	$	208
Foxconn Warrants		—		323		—		—		323