INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of ”Loss before income taxes” in the Consolidated Statements of Operations are as follows (in millions):

	Years Ended December 31,
	2020		2021		2022
United States	$	(1,021)	$	(4,590)	$	(6,729)
Foreign	3		(98)		(19)
Total loss before income taxes	$	(1,018)	$	(4,688)	$	(6,748)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the provision for income taxes to its components at the United States statutory rate is shown below (in millions):

	Years Ended December 31,
	2020		2021		2022
Federal income tax at statutory rate	$	(214)	$	(984)	$	(1,417)
State income taxes	(52)		(236)		(267)
Permanent items	4		8		75
Nondeductible charitable contributions	—		172		—
Nondeductible loss on convertible debt	—		118		—
Tax credits	(31)		(63)		(264)
Other	—		(3)		10
Valuation allowance	293		988		1,867
Provision for income taxes	$	—	$	—	$	4

Schedule of Deferred Tax Assets and Liabilities

The components of deferred tax assets and liabilities are as follows (in millions):

	December 31, 2021		December 31, 2022
Deferred tax assets:
Net operating loss and tax credit carryforwards	$	1,218	$	2,705
Inventory	142		203
Operating lease liabilities	71		94
Stock-based compensation	118		110
R&D capitalization	—		369
Other	50		56
Total deferred tax assets	1,599		3,537
Less: valuation allowances	(1,458)		(3,325)
Total net deferred tax assets	141		212
Deferred tax liabilities:
Property, plant, and equipment	(78)		(124)
Operating lease assets	(62)		(81)
Other	—		(6)
Total deferred tax liabilities	(140)		(211)
Net deferred tax assets	$	1	$	1