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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net loss $ (343,066) $ (282,404)
Adjustments to reconcile net loss to cash used by operating activities:    
Stock-based compensation 7,403 18,826
Loss (gain) on disposal of fixed assets 916 (100,906)
Impairment of property plant and equipment and intangible assets 140,726 111,389
Write-off of prepaid royalty   4,728
Depreciation of property plant and equipment 54,407 8,476
Write down of inventory and prepaid inventory 24,105 48,529
Other non-cash changes (2,183) (384)
Changes in assets and liabilities:    
Accounts receivables 204 (203)
Inventory (10,537) (54,646)
Prepaid expenses and other assets 15,742 10,648
Accounts payable (11,940) 2,527
Accrued expenses and other liabilities (12,940) 19,657
Net Cash used in operating activities (137,163) (213,764)
Cash flows from investing activities    
Purchases of property plant and equipment (10,152) (54,567)
Purchases of short-term investments (32,147) (100,297)
Maturities of short-term investments 134,203  
Investment in Foxconn Joint Venture   (13,500)
Return of investment in Foxconn Joint Venture   13,500
Proceeds from the sale of fixed assets 11,000 39,960
Net Cash provided by (used in) investing activities 102,904 (114,904)
Cash flows from financing activities    
Proceeds from notes payable for Foxconn Joint Venture   13,500
Settlement of notes payable for Foxconn Joint Venture   (13,500)
Down payments received from Foxconn   100,000
Issuance of Class A common stock   2,114
Tax withholding payments related to net settled restricted stock compensation   (684)
Proceeds from Equity Purchase Agreement, net of issuance costs   40,438
Net Cash provided by financing activities   206,010
Decrease in cash and cash equivalents (34,259) (122,658)
Cash and cash equivalents, beginning balance 121,358 244,016
Cash and cash equivalents, ending balance $ 87,099 121,358
Non-cash items    
Capital assets acquired with payables   200,000
Foxconn investment transactions for class A stock    
Cash flows from financing activities    
Issuance of Class A common stock   21,724
Foxconn investment transactions for preferred stock    
Cash flows from financing activities    
Proceeds from issuance of preferred stock   30,000
At Market Offering    
Cash flows from financing activities    
Issuance of Class A common stock   $ 12,418