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REVENUES (Tables)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table disaggregates revenue by major source (in millions):

Three Months Ended March 31,
20242025
New electric vehicles$1,115 $764 
Regulatory credits1 159 
Software and services88 317 
Total revenues$1,204 $1,240 
Schedule of Contact Liabilities The following table summarizes the Company’s contract liabilities recorded by line item on the Condensed Consolidated Balance Sheets (in millions):
December 31, 2024March 31, 2025
Current portion of deferred revenues, lease liabilities, and other liabilities$552 $735 
Other non-current liabilities1,288 1,164 
Total contract liabilities$1,840 $1,899