Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Schedule of Disaggregation of Revenue by Major Source

The following table disaggregates our revenue by major source (in millions):


		Three Months Ended September 30,								Nine Months Ended September 30,
		2022				2021				2022				2021
Automotive sales without resale value guarantee		$	17,624			$	11,230			$	46,467			$	28,575
Automotive sales with resale value guarantee			161				163				502				525
Automotive regulatory credits			286				279				1,309				1,151
Energy generation and storage sales			966				662				2,186				1,698
Services and other			1,645				894				4,390				2,738
Total revenues from sales and services			20,682				13,228				54,854				34,687
Automotive leasing			621				385				1,877				1,014
Energy generation and storage leasing			151				144				413				403
Total revenues		$	21,454			$	13,757			$	57,144			$	36,104

Lease Receivable Relating to Sales-Type Lease

Lease receivables relating to sales-type leases are presented on the consolidated balance sheets as follows (in millions):


		September 30, 2022				December 31, 2021
Gross lease receivables		$	726			$	427
Unearned interest income			(83	)			(50	)
Allowance for expected credit losses			(3	)			(1	)
Net investment in sales-type leases		$	640			$	376

Reported as:
Prepaid expenses and other current assets		$	145			$	73
Other non-current assets			495				303
Net investment in sales-type leases		$	640			$	376

Schedule of Reconciliation of Net Income Used in Computing Basic and Diluted Net Income Per Share of Common Stock and Basic to Diluted Weighted Average Shares Used in Computing Net Income Per Share of Common Stock

The following table presents the reconciliation of net income attributable to common stockholders to net income used in computing basic and diluted net income per share of common stock (in millions):


		Three Months Ended September 30,								Nine Months Ended September 30,
		2022				2021				2022				2021
Net income attributable to common stockholders		$	3,292			$	1,618			$	8,869			$	3,198
Less: Buy-out of noncontrolling interest			—				—				8				—
Net income used in computing basic net income per share of common stock			3,292				1,618				8,861				3,198
Less: Dilutive convertible debt		(0)					(1	)			(1	)			(8	)
Net income used in computing diluted net income per share of common stock		$	3,292			$	1,619			$	8,862			$	3,206

The following table presents the reconciliation of basic to diluted weighted average shares used in computing net income per share of common stock attributable to common stockholders, as adjusted to give effect to the 2022 Stock Split (in millions):


		Three Months Ended September 30,								Nine Months Ended September 30,
		2022				2021				2022				2021
Weighted average shares used in computing net income per share of common stock, basic			3,146				2,993				3,120				2,931
Add:
Stock-based awards			301				294				311				303
Convertible senior notes			2				13				4				36
Warrants			19				69				39				121
Weighted average shares used in computing net income per share of common stock, diluted			3,468				3,369				3,474				3,391

Schedule of Potentially Dilutive Shares that were Excluded from Computation of Diluted Net Income per Share of Common Stock

The following table presents the potentially dilutive shares that were excluded from the computation of diluted net income per share of common stock attributable to common stockholders, because their effect was anti-dilutive, as adjusted to give effect to the 2022 Stock Split (in millions):


		Three Months Ended September 30,								Nine Months Ended September 30,
		2022				2021				2022				2021
Stock-based awards			3				1				3				1
Convertible senior notes			—				0				—				1

Schedule of Cash and Cash Equivalents and Restricted Cash

Our total cash and cash equivalents and restricted cash, as presented in the consolidated statements of cash flows, was as follows (in millions):


		September 30,				December 31,				September 30,				December 31,
		2022				2021				2021				2020
Cash and cash equivalents		$	19,532			$	17,576			$	16,065			$	19,384
Restricted cash included in prepaid expenses and other current assets			382				345				327				238
Restricted cash included in other non-current assets			235				223				302				279
Total as presented in the consolidated statements of cash flows		$	20,149			$	18,144			$	16,694			$	19,901

Schedule of Accrued Warranty Activity

Accrued warranty activity consisted of the following (in millions):


		Three Months Ended September 30,								Nine Months Ended September 30,
		2022				2021				2022				2021
Accrued warranty—beginning of period		$	2,433			$	1,691			$	2,101			$	1,468
Warranty costs incurred			(236	)			(140	)			(574	)			(381	)
Net changes in liability for pre-existing warranties, including expirations and foreign exchange impact			156				(64	)			158				(22	)
Provision for warranty			418				249				1,086				671
Accrued warranty—end of period		$	2,771			$	1,736			$	2,771			$	1,736