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BALANCE SHEETS COMPONENTS (Tables)
3 Months Ended
Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
Inventory as of March 31, 2023 and December 31, 2022 was as follows (in thousands):
March 31,
2023
December 31,
2022
Raw materials$562,444 $464,731 
Work in progress44,023 34,311 
Finished goods
411,103 335,359 
Total Inventory$1,017,570 $834,401 
Schedule of Property, Plant and Equipment and Construction in Progress
Property, plant and equipment, net as of March 31, 2023 and December 31, 2022 was as follows (in thousands):
March 31,
2023
December 31,
2022
Land and land improvements$64,677 $64,677 
Building and improvements250,403 197,406 
Machinery, Tooling and Vehicles765,968 743,006 
Computer equipment and software61,763 48,899 
Leasehold improvements199,307 182,904 
Furniture and fixtures30,750 27,803 
Finance leases97,992 97,992 
Construction in progress1,175,910 1,077,179 
Total Property, plant and equipment2,646,770 2,439,866 
Less accumulated depreciation and amortization(323,886)(273,090)
Property, plant and equipment, net$2,322,884 $2,166,776 
Construction in progress consisted of the following (in thousands):
March 31,
2023
December 31,
2022
Machinery and tooling(1)
$628,358 $515,662 
Construction of AMP-1 and AMP-2(1)
518,169 526,720 
Leasehold improvements29,383 34,797 
Total construction in progress$1,175,910 $1,077,179 
(1) As of March 31, 2023 and December 31, 2022, $50.8 million and $33.3 million of capital expenditure support received from Ministry of Investment of Saudi Arabia (“MISA”) was recorded as a deduction to the AMP-2 construction in progress balance, respectively. See Note 15 “Related Party Transactions” for more information.
Schedule of Other Current Liabilities
Other current liabilities as of March 31, 2023 and December 31, 2022 were as follows (in thousands):
March 31,
2023
December 31,
2022
Engineering, design, and testing accrual$41,023 $28,686 
Construction in progress155,764 167,462 
Accrued purchases(1)
228,112 157,162 
Retail leasehold improvements accrual19,224 9,099 
Other professional services accrual34,870 34,951 
Tooling liability17,532 21,714 
Short-term borrowings9,595 9,595 
Operating lease liabilities, current portion15,753 11,269 
Reserve for loss on firm commitments(2)
71,797 22,640 
Accrued warranty liability10,813 10,464 
Other current liabilities169,625 161,525 
Total Other current liabilities$774,108 $634,567 
(1) Primarily represent accruals for inventory related purchases and transportation charges that had not been invoiced.
(2) Primarily represent reserve for losses on firm inventory purchase commitments.
Schedule of Other Noncurrent Liabilities
Other long-term liabilities as of March 31, 2023 and December 31, 2022 were as follows (in thousands):
March 31,
2023
December 31,
2022
Operating lease liabilities, net of current portion$239,588 $243,843 
Other long-term liabilities(1)
121,182 134,369 
Total Other long-term liabilities$360,770 $378,212 
(1) As of March 31, 2023 and December 31, 2022, $46.5 million and $64.0 million of capital expenditure support received from MISA was recorded as deferred liability within other long-term liabilities, respectively. See Note 15 “Related Party Transactions” for more information.
Schedule of Accrued Warranty Liability
Accrued warranty activities consisted of the following (in thousands):
Three Months Ended March 31, 2023
Accrued warranty - beginning of period$22,949 
Warranty costs incurred(8,260)
Provision for warranty(1)
11,186 
Accrued warranty - end of period(2)
$25,875 
(1) Accrued warranty balance as of March 31, 2023 included estimated costs related to the recalls identified.
(2) Accrued warranty balance of $10.8 million and $15.1 million were recorded within other current liabilities and other long-term liabilities, respectively, on our condensed consolidated balance sheet as of March 31, 2023