v3.25.0.1
REVENUES (Tables)
12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table disaggregates revenue by major source (in millions):

Years Ended December 31,
202220232024
New electric vehicles$1,554 $4,059 $4,161 
Regulatory credits— 73 333 
Software and services104 302 476 
Total revenues$1,658 $4,434 $4,970 
Schedule of Contract Liabilities The following table summarizes the Company’s contract liabilities recorded by line item on the Consolidated Balance Sheets (in millions):
December 31, 2023December 31, 2024
Current portion of deferred revenues, lease liabilities, and other liabilities$88 $552 
Other non-current liabilities133 1,288 
Total contract liabilities$221 $1,840