STOCKHOLDERS’ EQUITY

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

STOCKHOLDERS’ EQUITY

STOCKHOLDERS’ EQUITY

Treasury Stock

During the year ended December 31, 2021, the Company repurchased an aggregate of 857,825 shares of its common stock, including 712,742 shares from certain employees and 145,083 shares from board of directors of the Company’s predecessor, Atieva, Inc. at $24.15 per share. No common stock was repurchased during the three and six months ended June 30, 2025 and 2024.

Common Stock Reserved for Issuance

The Company’s common stock reserved for future issuances as of June 30, 2025 was as follows:

	June 30, 2025
Private Placement Warrants to purchase common stock	44,350,000
Stock options outstanding	22,073,185
Restricted stock units outstanding	94,687,406
Shares available for future grants under equity plans	201,788,658
If-converted common shares from 2026 Notes	17,525,210
If-converted common shares from 2030 Notes	366,666,630
If-converted common shares from Series A redeemable convertible preferred stock	311,108,563
If-converted common shares from Series B redeemable convertible preferred stock	185,162,444
Total shares of common stock reserved	1,243,362,096