v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Total revenues (Note 3) $ 1,658 $ 1,303 $ 3,039 $ 2,543
Total cost of revenues 1,479 1,509 2,741 2,543
Gross profit 179 (206) 298 0
Operating expenses        
Research and development 466 410 924 791
Selling, general, and administrative 549 498 1,091 978
Total operating expenses 1,015 908 2,015 1,769
Loss from operations (836) (1,114) (1,717) (1,769)
Interest income 48 72 98 153
Interest expense (Note 8) (68) (69) (133) (141)
Other (expense) income, net 18 (2) 496 105
Loss before income taxes (838) (1,113) (1,256) (1,652)
Provision for income taxes 1 (2) 3 (4)
Net loss (837) (1,115) (1,253) (1,656)
Less: Net income (loss) attributable to noncontrolling interest (4) 2 (4) 6
Net loss attributable to common stockholders (833) (1,117) (1,249) (1,662)
Net loss attributable to common stockholders, basic (833) (1,117) (1,249) (1,662)
Net loss attributable to common stockholders, diluted $ (833) $ (1,117) $ (1,249) $ (1,662)
Net loss per share attributable to Class A and Class B common stockholders, basic (in dollars per share) $ (0.63) $ (0.97) $ (0.97) $ (1.45)
Net loss per share attributable to Class A and Class B common stockholders, diluted (in dollars per share) $ (0.63) $ (0.97) $ (0.97) $ (1.45)
Weighted-average common shares outstanding, basic (in shares) 1,325 1,155 1,287 1,146
Weighted-average common shares outstanding, diluted (in shares) 1,325 1,155 1,287 1,146
Automotive        
Total revenues (Note 3) $ 1,143 $ 927 $ 2,051 $ 1,849
Total cost of revenues 1,179 1,262 2,149 2,092
Software and services        
Total revenues (Note 3) 515 376 988 694
Total cost of revenues $ 300 $ 247 $ 592 $ 451