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BALANCE SHEETS COMPONENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
Inventory as of December 31, 2024 and 2023 was as follows (in thousands):
December 31,
2024		December 31,
2023
Raw materials$160,532 $210,283 
Work in progress36,628 53,227 
Finished goods
210,614 432,726 
Total Inventory$407,774 $696,236 
Schedule of Property, Plant and Equipment, Net and Construction in Progress
The Company generally uses the following estimated useful lives for each asset category:
Asset CategoryLife (years)
Machinery, tooling and vehicles
3 - 15
Computer equipment and software3
Furniture and fixtures5
Finance leasesShorter of the lease term or the estimated useful lives of the assets
Building and improvements
5 - 40
Leasehold improvementsShorter of remaining lease term or the estimated useful lives of the assets
Property, plant and equipment, net as of December 31, 2024 and 2023 was as follows (in thousands):
December 31,
2024		December 31,
2023
Land and land improvements$70,967 $69,718 
Building and improvements(1)
1,075,349 576,097 
Machinery, tooling and vehicles(2)(3)
1,720,517 1,045,485 
Computer equipment and software105,012 74,336 
Leasehold improvements268,091 221,619 
Furniture and fixtures51,238 45,315 
Finance leases86,852 94,285 
Construction in progress672,534 1,185,413 
Total Property, plant and equipment4,050,560 3,312,268 
Less accumulated depreciation and amortization(787,948)(501,401)
Property, plant and equipment, net$3,262,612 $2,810,867 
(1) As of December 31, 2024 and 2023, $127.5 million and $120.2 million of capital expenditure support received from Ministry of Investment of Saudi Arabia (“MISA”) was primarily recorded as a deduction to the AMP-2 building balance, respectively. See Note 2 “Summary of Significant Accounting Policies” and Note 16 “Related Party Transactions” for more information.
(2) Included $39.5 million and $32.5 million of service loaner vehicles as of December 31, 2024 and 2023, respectively.
(3) Included $34.7 million and $9.1 million of operating lease vehicles sold to rental companies as of December 31, 2024 and 2023, respectively.
Construction in progress consisted of the following (in thousands):
December 31,
2024		December 31,
2023
Machinery and tooling$561,858 $728,751 
Construction of AMP-1 and AMP-2(1)
78,254 430,878 
Leasehold improvements and other
32,422 25,784 
Total construction in progress$672,534 $1,185,413 
(1) As of December 31, 2024 and 2023, $67.3 million and $12.1 million of capital expenditure support received from MISA was recorded primarily as a deduction to the AMP-2 facility construction in progress balance, respectively. See Note 2 “Summary of Significant Accounting Policies” and Note 16 “Related Party Transactions” for more information.
Schedule of Other Current Liabilities
Other current liabilities as of December 31, 2024 and 2023 were as follows (in thousands):
December 31,
2024		December 31,
2023
Engineering, design, and testing accrual$53,666 $42,176 
Construction in progress39,043 156,414 
Accrued compensation201,880 92,494 
Accrued purchases(1)
31,318 44,957 
Retail leasehold improvements accrual3,589 6,005 
Third-party services accrual26,353 41,478 
Tooling liability110,249 49,925 
Short-term borrowings126,417 72,533 
Operating lease liabilities, current portion35,596 28,431 
Reserve for loss on firm inventory purchase commitments119,672 143,566 
Accrued warranty36,752 22,677 
Deferred revenue(2)
18,473 7,714 
Other current liabilities221,663 183,114 
Total other current liabilities
$1,024,671 $891,484 
(1) Primarily represent accruals for inventory related purchases and transportation charges that had not been invoiced.
(2) Represent deferred revenue from vehicle sales primarily related to OTA and remarketing activities.
Schedule of Other Long-Term Liabilities
Other long-term liabilities as of December 31, 2024 and 2023 were as follows (in thousands):
December 31,
2024		December 31,
2023
Operating lease liabilities, net of current portion$229,835 $244,122 
Other long-term liabilities(1)(2)
342,965 280,217 
Total other long-term liabilities
$572,800 $524,339 
(1) As of December 31, 2023, $62.5 million of capital expenditure support received from MISA was recorded as deferred liability within other long-term liabilities in the consolidated balance sheet. See Note 2 “Summary of Significant Accounting Policies” and Note 16 “Related Party Transactions” for more information.
(2) As of December 31, 2024 and 2023, $112.7 million and $107.8 million of deferred revenue was recorded within other long-term liabilities in the consolidated balance sheets, respectively, in connection with the strategic technology and supply arrangement, and integration and supply arrangements with Aston Martin Lagonda Global Holdings plc (together with its subsidiaries, “Aston Martin”). See Note 16 “Related Party Transactions” for more information.
Schedule of Accrued Warranty Activities
Accrued warranty activities consisted of the following (in thousands):
Year Ended December 31,
20242023
Accrued warranty - beginning of period
$46,076 $22,949 
Warranty costs incurred(53,941)(50,923)
Provision for warranty(1)
120,343 74,050 
Accrued warranty - end of period(2)
$112,478 $46,076 

(1) Provision for warranty for the years ended December 31, 2024 and 2023 included estimated costs related to the recalls identified and/or special campaigns to repair or replace items under warranties. During the year ended December 31, 2024, the Company recorded $46.1 million provision associated with a special warranty campaign.
(2) Accrued warranty balance of $36.8 million and $22.7 million was recorded within other current liabilities, and $75.7 million and $23.4 million was recorded within other long-term liabilities, in the consolidated balance sheets as of December 31, 2024 and 2023, respectively.