v3.26.1
REVENUES (Tables)
3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table disaggregates revenue by major source (in millions):

Three Months Ended March 31,
20252026
New electric vehicles$764 $850 
Regulatory credits159 59 
Software and services317 472 
Total revenues$1,240 $1,381 
Schedule of Contact Liabilities The following table summarizes the Company’s deferred revenues recorded by line item on the Condensed Consolidated Balance Sheets (in millions):
December 31, 2025March 31, 2026
Current portion of deferred revenues, lease liabilities, and other liabilities$1,277 $1,170 
Other non-current liabilities1,066 884 
Total deferred revenues$2,343 $2,054