v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Total revenues (Note 3) $ 1,303 $ 1,158 $ 2,543 $ 2,362
Total cost of revenues 1,509 1,609 2,543 3,340
Gross profit (206) (451) 0 (978)
Operating expenses        
Research and development 410 428 791 889
Selling, general, and administrative 498 496 978 992
Total operating expenses 908 924 1,769 1,881
Loss from operations (1,114) (1,375) (1,769) (2,859)
Interest income 72 95 153 207
Interest expense (Note 8) (69) (75) (141) (150)
Loss on convertible notes, net (Note 8) 0 (90) 0 (90)
Other (expense) income, net (2) (11) 105 (9)
Loss before income taxes (1,113) (1,456) (1,652) (2,901)
Provision for income taxes (2) (1) (4) (2)
Net loss (1,115) (1,457) (1,656) (2,903)
Less: Net income attributable to noncontrolling interest 2 0 6 0
Net loss attributable to common stockholders (1,117) (1,457) (1,662) (2,903)
Net loss attributable to common stockholders, basic (1,117) (1,457) (1,662) (2,903)
Net loss attributable to common stockholders, diluted $ (1,117) $ (1,457) $ (1,662) $ (2,903)
Net loss per share attributable to Class A and Class B common stockholders, basic (in dollars per share) $ (0.97) $ (1.46) $ (1.45) $ (2.93)
Net loss per share attributable to Class A and Class B common stockholders, diluted (in dollars per share) $ (0.97) $ (1.46) $ (1.45) $ (2.93)
Weighted-average common shares outstanding, basic (in shares) 1,155 1,001 1,146 990
Weighted-average common shares outstanding, diluted (in shares) 1,155 1,001 1,146 990
Automotive        
Total revenues (Note 3) $ 927 $ 1,074 $ 1,849 $ 2,190
Total cost of revenues 1,262 1,515 2,092 3,128
Software and services        
Total revenues (Note 3) 376 84 694 172
Total cost of revenues $ 247 $ 94 $ 451 $ 212