v3.25.2
Nature of Business and Organization, Basis of Presentation, and Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Property, Plant and Equipment, Net
Depreciation and amortization on property and equipment is calculated using the straight-line method over the estimated useful lives of the assets and for leasehold improvements, over the term of the lease, if shorter.
Useful Life
(in years)
Buildings39
Building improvements15
Computer hardware5
Tooling, machinery, and equipment
5 to 10
Vehicles5
Lease vehicles7
Computer software3
Leasehold improvements
Shorter of 15 years or
term of the lease
Property, plant, and equipment, net, consists of the following as of:
(in thousands)
June 30, 2025December 31, 2024
Land, buildings and leasehold improvements$116,147 $111,443 
Computer hardware2,397 2,397 
Tooling, machinery and equipment325,967 319,313 
Vehicles765 245 
Lease vehicles1,872 3,121 
Computer software4,339 4,339 
Construction in process20,214 27,563 
471,701 468,421 
Less: Accumulated depreciation(156,717)(119,834)
$314,984 $348,587 
Schedule of Disaggregation of Revenue
The following table disaggregates our revenue by major source:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Automotive sales$— $312 $— $312 
Automotive leasing - Sales type— — 265— 
Automotive leasing - Operating type54(19)105(17)

$54 $293 $370 $295 
Schedule of Standard Product Warranty Accrual
Six Months Ended June 30,
(in thousands)20252024
Accrued warranty- beginning of period$545 $684 
Provision for warranty(13)74 
Warranty costs incurred(96)(120)
Accrued warranty- end of period$436 $638