v3.26.1
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2026
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 June 30,Six Months Ended June 30,
 2026202520262025
Automotive sales$20,006 $15,787 $35,479 $28,712 
Automotive regulatory credits146 439 526 1,034 
Energy generation and storage sales2,998 2,646 5,303 5,267 
Services and other4,581 3,046 8,326 5,684 
Total revenues from sales and services27,731 21,918 49,634 40,697 
Automotive leasing364 435 745 882 
Energy generation and storage leasing141 143 244 252 
Total revenues$28,236 $22,496 $50,623 $41,831 
Schedule of Sales-type and Direct Financing Leases, Lease Receivables, Gross Difference
Lease receivables relating to sales-type leases are presented on the consolidated balance sheets as follows (in millions):
 June 30, 2026December 31, 2025
Gross lease receivables$167 $259 
Unearned interest income(7)(14)
Allowance for expected credit losses(3)(5)
Net investment in sales-type leases$157 $240 
Reported as:
Prepaid expenses and other current assets$105 $130 
Other non-current assets52 110 
Net investment in sales-type leases$157 $240 
Schedule of Net Income per Share of Common Stock Attributable to Common Stockholders
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 June 30,Six Months Ended June 30,
2026202520262025
Net income attributable to common stockholders$1,114 $1,172 $1,591 $1,581 
Less: Buy-outs of noncontrolling interest(2)— (2)— 
Net income used in computing basic and diluted net income per share of common stock$1,116 $1,172 $1,593 $1,581 
Restricted stock awards will be excluded from the computation of diluted weighted average shares until the shares have been deemed to be earned. 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 (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Weighted average shares used in computing net income per share of common stock, basic3,2373,2233,2353,220
Add: Stock-based awards303296303300
Weighted average shares used in computing net income per share of common stock, diluted3,5403,5193,5383,520
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 (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Stock-based awards1215914
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):
 June 30,
2026		December 31,
2025		June 30,
2025		December 31,
2024
Cash and cash equivalents$15,219 $16,513 $15,587 $16,139 
Restricted cash included in prepaid expenses and other current assets496 389 559 494 
Restricted cash included in other non-current assets710 714 589 404 
Total as presented in the consolidated statements of cash flows$16,425 $17,616 $16,735 $17,037 
Schedule of Accrued Warranty Activity
Accrued warranty activity consisted of the following (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Accrued warranty - beginning of period$8,472 $7,214 $8,607 $6,716 
Warranty costs incurred(504)(398)(972)(790)
Net changes in liability for pre-existing warranties, including expirations and foreign exchange impact380 105 207 452 
Provision for warranty615 591 1,121 1,134 
Accrued warranty - end of period$8,963 $7,512 $8,963 $7,512