RELATED PARTY TRANSACTIONS |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS Volkswagen Group On June 30, 2025, the Company received $1,000 million from Volkswagen Group in exchange for $750 million of the Company’s Class A common stock, calculated based on the Company’s 30-trading day volume-weighted average price prior to share issuance (i.e., calculated using the trading days in the period from May 15, 2025 through June 27, 2025). The Company issued 51,502,854 shares at a price of $14.56 per share and recorded deferred revenues for the $250 million premium received within “Current portion of deferred revenues, lease liabilities, and other liabilities” and “Other non-current liabilities” on the Condensed Consolidated Balance Sheets (see Note 1 "Presentation and Nature of Operations" for more information). As a result of this transaction, Volkswagen Group’s beneficial ownership increased to more than 10% of the Company’s voting interests, causing Volkswagen Group to become a principal stockholder and related party of the Company as of June 30, 2025. Accordingly, starting on June 30, 2025, all of the consolidated Joint Venture’s transactions with Volkswagen Group are related party transactions. Refer to Note 16 "Variable Interest Entities" for information about the consolidation of the Joint Venture and Note 3 "Revenues" for information about revenues and contract liabilities associated with Volkswagen Group. Amazon The Company recorded $233 million and $176 million for the three months ended June 30, 2024 and 2025, respectively, and $571 million and $275 million for the six months ended June 30, 2024 and 2025, respectively, in revenues from Amazon.com, Inc. and its affiliates (“Amazon”) in the Condensed Consolidated Statements of Operations, primarily within the automotive segment and related to the sale of EDVs. As of December 31, 2024 and June 30, 2025, the uncollected amounts related to these revenues in “Accounts receivable, net” on the Condensed Consolidated Balance Sheets were $68 million and $36 million, respectively. As of December 31, 2024 and June 30, 2025, contract liabilities related to these revenues, primarily related to extended service contracts, were $135 million and $135 million, respectively (refer to Note 3 "Revenues" for more information). In June 2025, the Company began selling Rivian Adventure Gear via the Amazon.com platform. For the three months ended June 30, 2025, sales commissions paid to Amazon were not material. The Company obtains data services, including hosting, storage, and compute from Amazon. Expenses related to these services were $20 million and $31 million for the three months ended June 30, 2024 and 2025, respectively, and $40 million and $62 million during the six months ended June 30, 2024 and 2025, respectively. As of December 31, 2024 and June 30, 2025, the unpaid amounts related to these services were not material.
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