v3.25.0.1
INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Components of Loss Before Income Taxes
The components of ”Loss before income taxes” in the Consolidated Statements of Operations are as follows (in millions):

Years Ended December 31,
202220232024
United States$(6,729)$(5,406)$(4,717)
Foreign(19)(25)(24)
Total loss before income taxes$(6,748)$(5,431)$(4,741)
Schedule of Reconciliation of Provision for Income Taxes to its Components at United States Statutory Rate
A reconciliation of the provision for income taxes to its components at the United States statutory rate is shown below (in millions):

Years Ended December 31,
202220232024
Federal income tax at statutory rate$(1,417)$(1,140)$(996)
State income taxes(267)(230)(206)
Permanent items5 (5)17 
Nondeductible stock-based compensation and 162(m) Limitation70 63 74 
Tax credits(264)(202)(177)
Other10 (26)(69)
Valuation allowance1,867 1,541 1,362 
Provision for income taxes$4 $1 $5 
*The prior periods have been recast to conform to current period presentation.
Schedule of Components of Deferred Tax Assets and Liabilities
The components of deferred tax assets and liabilities are as follows (in millions):

December 31, 2023December 31, 2024
Deferred tax assets:
Net operating loss and tax credit carryforwards$3,708 $4,621 
Inventory179 110 
Deferred revenue33 442 
Operating lease liabilities101 120 
Stock-based compensation88 49 
Accrued liabilities81 142 
Research and development capitalization804 925 
Other53 77 
Total deferred tax assets5,047 6,486 
Less: valuation allowances(4,866)(6,228)
Total net deferred tax assets181 258 
Deferred tax liabilities:
Property, plant, and equipment(94)(75)
Operating lease assets(86)(103)
Loan commitment asset— (51)
Other(1)(29)
Total deferred tax liabilities(181)(258)
Net deferred tax assets$— $— 
Schedule of Activity Related to Unrecognized Tax Benefits
The Company had the following activity related to unrecognized tax benefits (in millions):

Years Ended December 31,
20232024
Beginning balance$38 $61 
Additions for current year tax positions15 17 
Additions for tax positions of prior years8 2 
Ending balance$61 $80