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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Total revenues (Note 4) $ 4,970 $ 4,434 $ 1,658
Total cost of revenues (Note 4) 6,170 6,464 4,781
Gross profit (1,200) (2,030) (3,123)
Operating expenses      
Research and development (Note 2) 1,613 1,995 1,944
Selling, general, and administrative (Note 2) 1,876 1,714 1,789
Total operating expenses 3,489 3,709 3,733
Loss from operations (4,689) (5,739) (6,856)
Interest income 385 522 193
Interest expense (Note 10) (318) (220) (103)
Loss on convertible notes, net (Note 10) (112) 0 0
Other income (expense), net (7) 6 18
Loss before income taxes (4,741) (5,431) (6,748)
Provision for income taxes (5) (1) (4)
Net loss (4,746) (5,432) (6,752)
Net Income (Loss) Attributable to Noncontrolling Interest 1 0 0
Net loss attributable to common stockholders (4,747) (5,432) (6,752)
Net loss attributable to common stockholders, basic (4,747) (5,432) (6,752)
Net loss attributable to common stockholders, diluted $ (4,747) $ (5,432) $ (6,752)
Net loss per share attributable to Class A and Class B common stockholders, basic (in dollars per share) $ (4.69) $ (5.74) $ (7.40)
Net loss per share attributable to Class A and Class B common stockholders, diluted (in dollars per share) $ (4.69) $ (5.74) $ (7.40)
Weighted-average common shares outstanding, basic (in shares) 1,013 947 913
Weighted-average common shares outstanding, diluted (in shares) 1,013 947 913
Automotive      
Total revenues (Note 4) $ 4,486 $ 4,132 $ 1,554
Total cost of revenues (Note 4) 5,693 6,150 4,666
Software and services      
Total revenues (Note 4) 484 302 104
Total cost of revenues (Note 4) $ 477 $ 314 $ 115