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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (Note 3) $ 5,396 $ 7,857
Short-term investments (Note 3) 1,343 1,511
Accounts receivable, net 217 161
Inventory (Note 4) 2,680 2,620
Other current assets 201 164
Total current assets 9,837 12,313
Property, plant, and equipment, net (Note 5) 3,819 3,874
Operating lease assets, net 397 356
Other non-current assets 209 235
Total assets 14,262 16,778
Current liabilities:    
Accounts payable 617 981
Accrued liabilities (Note 7) 887 1,145
Current portion of lease liabilities and other current liabilities 429 361
Total current liabilities 1,933 2,487
Long-term debt (includes $1,030 at fair value as of September 30, 2024) (Note 6) 5,468 4,431
Non-current lease liabilities 361 324
Other non-current liabilities 601 395
Total liabilities 8,363 7,637
Commitments and contingencies (Note 11)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10 shares authorized and 0 shares issued and outstanding as of December 31, 2023 and September 30, 2024 0 0
Common stock, $0.001 par value; 3,508 and 3,508 shares authorized and 968 and 1,021 shares issued and outstanding as of December 31, 2023 and September 30, 2024, respectively (Note 12) 1 1
Additional paid-in capital 28,455 27,695
Accumulated deficit (22,561) (18,558)
Accumulated other comprehensive income 4 3
Total stockholders' equity 5,899 9,141
Total liabilities and stockholders' equity $ 14,262 $ 16,778