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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,854,879 $ 1,606,865
Short-term investments (including $15,000 associated with a related party as of March 31, 2025 and December 31, 2024) 1,756,026 2,424,103
Accounts receivable, net (including $53,793 and $57,909 from a related party as of March 31, 2025 and December 31, 2024, respectively) 90,328 112,025
Inventory 471,407 407,774
Prepaid expenses 51,482 52,951
Other current assets (including $20,676 and $34,503 associated with a related party as of March 31, 2025 and December 31, 2024, respectively) 199,135 270,218
Total current assets 4,423,257 4,873,936
Property, plant and equipment, net 3,322,275 3,262,612
Right-of-use assets 230,780 211,886
Long-term investments (including $50,000 and $20,000 associated with a related party as of March 31, 2025 and December 31, 2024, respectively) 921,588 1,012,223
Other noncurrent assets 294,500 249,443
Investments in equity securities of a related party 25,569 37,831
TOTAL ASSETS 9,217,969 9,647,931
Current liabilities:    
Accounts payable 121,298 133,832
Finance lease liabilities, current portion 6,941 6,788
Other current liabilities (including $193,277 and $126,417 associated with related parties as of March 31, 2025 and December 31, 2024, respectively) 1,203,235 1,024,671
Total current liabilities 1,331,474 1,165,291
Finance lease liabilities, net of current portion 75,292 76,096
Common stock warrant liability 6,653 19,514
Long-term debt 2,003,461 2,002,151
Other long-term liabilities (including $122,018 and $121,136 associated with related parties as of March 31, 2025 and December 31, 2024, respectively) 594,922 572,800
Derivative liabilities associated with redeemable convertible preferred stock (related party) 357,725 639,425
Total liabilities 4,369,527 4,475,277
Commitments and contingencies (Note 12)
REDEEMABLE CONVERTIBLE PREFERRED STOCK    
Redeemable convertible preferred stock, (related party) 1,664,767 1,299,842
STOCKHOLDERS’ EQUITY    
Common stock, par value $0.0001; 15,000,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 3,049,658,556 and 3,032,219,724 shares issued and 3,048,800,731 and 3,031,361,899 shares outstanding as of March 31, 2025 and December 31, 2024, respectively 305 303
Additional paid-in capital 16,477,601 16,808,018
Treasury stock, at cost, 857,825 shares at March 31, 2025 and December 31, 2024 (20,716) (20,716)
Accumulated other comprehensive income (loss) 5,350 (2,099)
Accumulated deficit (13,278,865) (12,912,694)
Total stockholders’ equity 3,183,675 3,872,812
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY 9,217,969 9,647,931
Series A Redeemable Convertible Preferred Stock    
REDEEMABLE CONVERTIBLE PREFERRED STOCK    
Redeemable convertible preferred stock, (related party) 955,317 730,025
Series B Redeemable Convertible Preferred Stock    
REDEEMABLE CONVERTIBLE PREFERRED STOCK    
Redeemable convertible preferred stock, (related party) $ 709,450 $ 569,817