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BALANCE SHEETS COMPONENTS
 6 Months Ended
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BALANCE SHEETS COMPONENTS BALANCE SHEETS COMPONENTS
Inventory
Inventory as of June 30, 2022 and December 31, 2021 were as follows (in thousands):
June 30,
2022		December 31,
2021
Raw materials$400,109 $87,646 
Work in progress103,721 30,641 
Finished goods
49,215 8,963 
Total inventory$553,045 $127,250 
Inventory as of June 30, 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 and six months ended June 30, 2022, we recorded write-downs of $81.7 million and $178.1 million, respectively, in cost of revenues. No write-downs were recorded during the three and six months ended June 30, 2021.
Property, plant and equipment, net
Property, plant and equipment as of June 30, 2022 and December 31, 2021 were as follows (in thousands):
June 30,
2022		December 31,
2021
Land and land improvements$33,302 $1,050 
Building and improvements197,252 195,952 
Machinery, Tooling and Vehicles687,122 601,791 
Computer equipment and software39,587 27,968 
Leasehold improvements160,714 135,533 
Furniture and fixtures22,230 15,352 
Finance leases15,437 13,601 
Construction in progress626,294 276,919 
Total property, plant and equipment1,781,938 1,268,166 
Less accumulated depreciation and amortization(166,503)(86,013)
Property, plant and equipment, net$1,615,435 $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):
June 30,
2022		December 31,
2021
Machinery and tooling$284,207 $132,943 
Construction of Arizona plant and KSA Facility310,685 112,970 
Leasehold improvements31,402 31,006 
Total construction in progress$626,294 $276,919 
Depreciation and amortization expense was $42.5 million and $80.7 million, respectively, for the three and six months ended June 30, 2022, and $6.8 million and $11.7 million, respectively, for the same periods in the prior year. The amount of interest capitalized on construction in progress related to significant capital asset construction was immaterial for the three and six months ended June 30, 2022.
Other current liabilities
Other current liabilities as of June 30, 2022 and December 31, 2021 were as follows (in thousands):
June 30,
2022		December 31,
2021
Engineering, design, and testing accrual$21,946 $33,950 
Construction in progress110,405 92,590 
Accrued purchases (1)
145,654 12,225 
Retail leasehold improvements accrual14,127 15,796 
Other professional services accrual32,064 13,944 
Tooling liability12,225 23,966 
Short-term insurance financing note2,470 15,281 
Operating lease liabilities, current portion11,721 11,056 
Other current liabilities114,207 99,404 
Total other current liabilities$464,819 $318,212 
(1) Accrued purchases primarily reflect inventory purchases and related transportation charges that had not been invoiced.
Other long-term liabilities
Other long-term liabilities as of June 30, 2022 and December 31, 2021 were as follows (in thousands):
June 30,
2022		December 31,
2021
Operating lease liabilities, net of current portion$222,457 $185,323 
Other long-term liabilities11,268 3,252 
Total other long-term liabilities$233,725 $188,575