v3.26.1
REVENUES (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table disaggregates revenue by major source (in millions):

Three Months Ended June 30,Six Months Ended June 30,
2025202620252026
New electric vehicles$924 $1,037 $1,688 $1,887 
Regulatory credits7 108 166 167 
Software and services372 513 689 985 
Total revenues$1,303 $1,658 $2,543 $3,039 
Schedule of Contact Liabilities The following table summarizes the Company’s deferred revenues recorded on the Condensed Consolidated Balance Sheets (in millions):
December 31, 2025June 30, 2026
Current portion of deferred revenues, lease liabilities, and other liabilities$1,277 $1,271 
Other non-current liabilities1,066 710 
Total deferred revenues$2,343 $1,981