Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment, Net

Depreciation and amortization on property and equipment is calculated using the straight-line method over the estimated useful lives of the assets and for leasehold improvements, over the term of the lease, if shorter.

	Useful Life (in years)
Buildings	39
Building improvements	15
Computer hardware	5
Tooling, machinery, and equipment	5 to 10
Vehicles	5
Lease vehicles	7
Computer software	3
Leasehold improvements	Shorter of 15 years or term of the lease

Property and equipment, net, consists of the following as of December 31 (dollars in thousands):

	2023		2022
Land, buildings and leasehold improvements	$	103,522	$	5,598
Computer hardware	2,195		3,112
Tooling, machinery and equipment	318,301		9,542
Vehicles	669		337
Lease vehicles	1,873		—
Computer software	4,301		4,212
Construction in process	36,491		393,814
Less: Accumulated depreciation	(49,540)		(10,295)
Total property and equipment, net	$	417,812	$	406,320