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BALANCE SHEETS COMPONENTS
 3 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BALANCE SHEETS COMPONENTS BALANCE SHEETS COMPONENTS
INVENTORY
Inventory as of March 31, 2022 and December 31, 2021 were as follows (in thousands):
March 31,
2022		December 31,
2021
Raw materials$234,444 $87,646 
Work in progress43,082 30,641 
Finished goods
56,380 8,963 
Total inventory$333,906 $127,250 
Inventory as of March 31, 2022 and December 31, 2021 was comprised of raw materials, work in progress related to the production of vehicles for sale and finished goods inventory including vehicles in transit to fulfill customer orders and new vehicles available for sale. We write down inventory for any excess or obsolete inventories or when we believe that the net realizable value of inventories is less than the carrying value. During the three months ended March 31, 2022, we recorded write-downs of $96.4 million in cost of revenues. No write-downs were recorded during the three months ended March 31, 2021.
PROPERTY, PLANT, AND EQUIPMENT, NET
Property, plant, and equipment as of March 31, 2022 and December 31, 2021 were as follows (in thousands):
March 31,
2022		December 31,
2021
Land and land improvements$1,050 $1,050 
Building and improvements197,268 195,952 
Machinery, Tooling and Vehicles652,725 601,791 
Computer equipment and software32,961 27,968 
Leasehold improvements144,457 135,533 
Furniture and fixtures19,207 15,352 
Finance leases14,779 13,601 
Construction in progress389,228 276,919 
Total property, plant, and equipment1,451,675 1,268,166 
Less accumulated depreciation and amortization(124,131)(86,013)
Property, plant, and equipment — net$1,327,544 $1,182,153 
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):
March 31,
2022		December 31,
2021
Machinery and Tooling$207,847 $132,943 
Construction of Arizona plant136,459 112,970 
Leasehold improvements44,922 31,006 
Total construction in progress$389,228 $276,919 
Depreciation and amortization expense for the three months ended March 31, 2022 and 2021 was approximately $38.2 million and $4.9 million, respectively.
OTHER CURRENT AND LONG-TERM LIABILITIES
Other current liabilities and long-term liabilities as of March 31, 2022 and December 31, 2021 were as follows (in thousands):
March 31,
2022		December 31,
2021
Engineering, design, and testing accrual$20,251 $33,950 
Construction in progress97,754 92,590 
Accrued purchases (1)
98,527 12,225 
Retail leasehold improvements accrual14,888 15,796 
Other professional services accrual23,741 13,944 
Tooling liability20,866 23,966 
Short-term insurance financing note4,399 15,281 
Operating lease liabilities, current portion12,448 11,056 
Other current liabilities119,384 99,404 
Total other current liabilities$412,258 $318,212 
(1) Accrued purchases primarily reflects inventory purchases and related transportation charges that had not been invoiced.
March 31,
2022		December 31,
2021
Operating lease liabilities, net of current portion$189,516 $185,323 
Other long-term liabilities5,351 3,252 
Total other long-term liabilities$194,867 $188,575