VARIABLE INTEREST ENTITIES |
6 Months Ended |
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Jun. 30, 2025 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| VARIABLE INTEREST ENTITIES | VARIABLE INTEREST ENTITIES Rivian and VW Group Technology, LLC In November 2024, the Company established Rivian and VW Group Technology, LLC with Volkswagen Group as a joint venture with a focus on software, electronic control units and related network architecture design and development. The 50% equity interests held by Volkswagen Group and its corresponding portion of net income are reflected in stockholders’ equity on the Condensed Consolidated Balance Sheets as “Noncontrolling interest” and in the Condensed Consolidated Statements of Operations as “Net income attributable to noncontrolling interest”. As of December 31, 2024, the consolidated assets of the Joint Venture were approximately $250 million and primarily comprised of cash. As of June 30, 2025, the consolidated assets of the Joint Venture were approximately $845 million and primarily comprised of cash, equity securities held in trust, and and prepaid expenses (see Note 2 "Joint Venture Deferred Compensation Program" for more information). As of December 31, 2024, the consolidated liabilities of the Joint Venture were approximately $155 million and primarily comprised of the current portion of deferred revenue. As of June 30, 2025, the consolidated liabilities of the Joint Venture were approximately $626 million and primarily comprised of the current portion of deferred revenue and accrued liabilities.
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