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Nature of Business and Organization, Basis of Presentation, and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Property, Plant 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)
Buildings39
Building improvements15
Computer hardware5
Tooling, machinery, and equipment
5 to 10
Vehicles5
Lease vehicles7
Computer software3
Leasehold improvements
Shorter of 15 years or
term of the lease
Property, plant, and equipment, net, consists of the following as of :
(in thousands)
December 31, 2024December 31, 2023
Land, buildings and leasehold improvements$111,443 $103,522 
Computer hardware2,397 2,195 
Tooling, machinery and equipment319,313 318,301 
Vehicles245 669 
Lease vehicles3,121 1,873 
Computer software4,339 4,301 
Construction in process27,563 36,491 
468,421 467,352 
Less: Accumulated depreciation(119,834)(49,540)
$348,587 $417,812 
Disaggregation of Revenue
The following table disaggregates our revenue by major source:
(in thousands)20242023
Automotive sales$495 $771 
Automotive leasing4413

$539 $784 
Schedule of Standard Product Warranty Accrual
(in thousands)20242023
Accrued warranty- beginning of period$684 $— 
Provision for warranty34 731 
Warranty costs incurred(173)(47)
Accrued warranty- end of period$545 $684