| Schedule of Property 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 building improvements, over the term of the lease, if shorter. | | | | | | | Useful Life
(in years) | | Buildings | 39 | | Building improvements | 15 | | Computer hardware | 5 | | Tooling, machinery, and equipment | 5 to 10 | | Vehicles | 5 | | Lease vehicles | 7 | | Computer software | 3 | | Leasehold improvements | Shorter of asset useful life or term of the lease |
Property, plant, and equipment, net, consists of the following as of: | | | | | | | | | | | | | (in thousands) | June 30, 2026 | | December 31, 2025 | | | Land, buildings and building improvements | $ | 77,803 | | | $ | 78,218 | | | | Computer hardware | 2,618 | | | 2,603 | | | | Tooling, machinery and equipment | 120,631 | | | 120,792 | | | | Vehicles | 699 | | | 699 | | | | Lease vehicles | 1,390 | | | 1,390 | | | | Software | 4,339 | | | 4,339 | | | | Construction in process | 9,429 | | | 8,500 | | | | 216,909 | | | 216,541 | | | | Less: Accumulated depreciation | (76,883) | | | (61,238) | | | | $ | 140,026 | | | $ | 155,303 | | |
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