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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Total revenues (Note 3) $ 1,240 $ 1,204
Total cost of revenues 1,034 1,731
Gross profit 206 (527)
Operating expenses    
Research and development 381 461
Selling, general, and administrative 480 496
Total operating expenses 861 957
Loss from operations (655) (1,484)
Interest income 81 112
Interest expense (Note 8) (72) (75)
Other income, net 107 2
Loss before income taxes (539) (1,445)
Provision for income taxes (2) (1)
Net loss (541) (1,446)
Less: Net income attributable to noncontrolling interest 4 0
Net loss attributable to common stockholders (545) (1,446)
Net loss attributable to common stockholders, basic (545) (1,446)
Net loss attributable to common stockholders, diluted $ (545) $ (1,446)
Net loss per share attributable to Class A and Class B common stockholders, basic (in dollars per share) $ (0.48) $ (1.48)
Net loss per share attributable to Class A and Class B common stockholders, diluted (in dollars per share) $ (0.48) $ (1.48)
Weighted-average common shares outstanding, basic (in shares) 1,137 978
Weighted-average common shares outstanding, diluted (in shares) 1,137 978
Automotive    
Total revenues (Note 3) $ 922 $ 1,116
Total cost of revenues 830 1,613
Software and services    
Total revenues (Note 3) 318 88
Total cost of revenues $ 204 $ 118