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BALANCE SHEETS COMPONENTS
 9 Months Ended
Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BALANCE SHEETS COMPONENTS BALANCE SHEETS COMPONENTS
INVENTORY
Inventory as of September 30, 2021 and December 31, 2020 were as follows (in thousands):

September 30,
2021		December 31,
2020
Raw materials$48,588 $661 
Work in progress11,891 70 
Finished goods676 312 
Total inventory$61,155 $1,043 

Inventory as of September 30, 2021 is primarily related to raw materials and work in progress related to the production of vehicles for sale. The inventory as of September 30, 2021 and December 31, 2020 also includes battery pack systems with its customers.

PROPERTY, PLANT, AND EQUIPMENT, NET
Property, plant, and equipment as of September 30, 2021 and December 31, 2020 were as follows (in thousands):
September 30,
2021		December 31,
2020
Land and land improvements$1,050 $1,050 
Building and improvements190,417 — 
Machinery480,259 28,830 
Computer equipment and software26,174 15,716 
Leasehold improvements89,106 47,187 
Furniture and fixtures10,442 4,503 
Capital leases— 3,908 
Finance leases9,857 — 
Construction in progress208,331 636,851 
Total property, plant, and equipment1,015,636 738,045 
Less accumulated depreciation and amortization(49,735)(24,771)
Property, plant, and equipment — net$965,901 $713,274 
Construction in progress represents the costs incurred in connection with the construction of buildings or new additions to the Company’s plant facilities including tooling, which is with outside vendors. Costs classified as construction in progress include all costs of obtaining the asset and bringing it to the location in the condition necessary for its intended use. No depreciation is provided for construction in progress until such time as the assets are completed and are ready for use. Construction in progress consisted of the following (in thousands):
September 30,
2021		December 31,
2020
Tooling$106,402 $203,241 
Construction of Arizona plant10,806 171,532 
Leasehold improvements67,965 50,790 
Machinery and equipment23,158 211,288 
Total construction in progress$208,331 $636,851 
Depreciation and amortization expense for the three months ended September 30, 2021 and 2020, was approximately $14.9 million and $2.1 million, respectively, and for the nine months ended September 30, 2021 and 2020, was approximately $26.6 million and $5.4 million, respectively.
OTHER CURRENT AND LONG-TERM LIABILITIES
Other current liabilities and long-term liabilities as of September 30, 2021 and December 31, 2020 were as follows (in thousands):
September 30,
2021		December 31,
2020
Engineering, design, and testing accrual$31,271 $42,518 
Construction in progress21,638 43,115 
Retail leasehold improvements accrual15,203 6,114 
Other professional services accrual6,029 9,083 
Tooling liability12,338 15,243 
Payroll tax liability32,728 — 
Series B convertible preferred stock repurchase liability— 3,000 
Short-term insurance financing note
24,674 980 
Operating lease liabilities, current portion14,611 — 
Transaction cost liability40,981 — 
Other liabilities28,804 31,700 
Total other current liabilities$228,277 $151,753 

As of September 30, 2021, the Company accrued a non-income tax liability of $32.7 million as other liabilities primarily related to payroll tax associated with certain compensation related events. The Company also recorded a $27.4 million receivable from employees related to this non-income tax liability as other receivables on the condensed consolidated balance sheet as of September 30, 2021.

The Company financed insurance premiums of $41.9 million related to various commercial insurance policies. The insurance policies have various terms that are less than 2 years. The Company made down payments for the insurance premium finance notes of $9.4 million, and the total interest was $0.4 million, representing annual interest primarily ranging from 2.65% to 2.86%. The Company will make monthly installments of $3.5 million for principal and interest from May 2021 to December 2022. The Company recorded the total insurance premium of $41.9 million as prepaid insurance and is amortizing it on a straight-line basis over the term of the insurance. The Company made $5.3 million of principal payments and $0.1 million of interest payments on the short-term insurance financing note during the three months ended September 30, 2021, and $7.2 million of principal payments and $0.1 million of interest payments during the nine months ended September 30, 2021. The remaining principal balance of $24.7 million is recorded as part of the Company’s other current liabilities as of September 30, 2021.
September 30,
2021		December 31,
2020
Deferred rent$— $28,881 
Customer deposits13,398 8,028 
Capital lease liabilities— 1,996 
Operating leases liabilities, net of current portion169,433 — 
Income tax liabilities265 234 
Total other long-term liabilities$183,096 $39,139