RELATED PARTY TRANSACTIONS |
3 Months Ended |
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Mar. 31, 2022 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS 2026 Notes The 2026 Notes were issued to new and existing investors, including certain funds and accounts advised by T. Rowe Price Associates, Inc. (“T. Rowe Price”), a principal shareholder of the Company, with an aggregate $285 million principal amount (refer to Note 4 "Debt" for more information about the 2026 Notes). Operating Expenses The Company obtains prototyping, engineering, and other research and development (“R&D”) services from a wholly-owned subsidiary of Ford Motor Company (together with its affiliates, “Ford”), a principal shareholder of the Company. The Company recognized $16 million and $1 million of expense for these services during the three months ended March 31, 2021 and 2022, respectively, within “Research and development” in the Condensed Consolidated Statements of Operations. As of December 31, 2021 and March 31, 2022, respectively, unpaid amounts of $16 million and $4 million related to these services are reported primarily within “Accrued liabilities” and “Accounts payable” on the Condensed Consolidated Balance Sheets. The Company obtains hosting services from Amazon.com, Inc. and its affiliates (collectively, “Amazon”), a principal shareholder of the Company. During the three months ended March 31, 2021 and 2022, expenses related to these services of $4 million and $19 million, respectively, were recorded in “Research and development” and “Selling, general, and administrative”, in the Condensed Consolidated Statements of Operations. As of December 31, 2021 and March 31, 2022, the unpaid amounts related to these services were not material.
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