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Property and Equipment, Net (As Restated)
 3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net (As Restated) Property and Equipment, Net (As Restated)
Property and equipment, net, consists of the following (dollars in thousands):
March 31, 2023 (As Restated)December 31, 2022 (As Restated)
Buildings and leasehold improvements$95,519 $19,778 
Computer hardware2,094 3,112 
Tooling, machinery, and equipment235,290 9,542 
Vehicles337 337 
Computer software4,125 4,212 
Construction in process (as restated)121,618 393,814 
Less: Accumulated depreciation(11,812)(12,113)
Total property and equipment, net$447,171 $418,682 
Depreciation expense related to property and equipment totaled $1.1 million and $0.8 million for the three months ended March 31, 2023 and 2022, respectively.
FF announced the start of production of its first electric vehicle, the FF 91 Futurist, on March 29, 2023, at which point the Company classified a portion of its construction in process assets that are available for their intended use in the amount of $225.7 million and $75.7 million to Tooling, machinery and equipment and Buildings, respectively.