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Overview & Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue by Major Source
The following table disaggregates our revenue by major source (in millions):
 Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
Automotive sales$18,530 $20,419 $34,990 $39,297 
Automotive regulatory credits890 282 1,332 803 
Energy generation and storage sales2,866 1,359 4,388 2,772 
Services and other2,608 2,150 4,896 3,987 
Total revenues from sales and services24,894 24,210 45,606 46,859 
Automotive leasing458 567 934 1,131 
Energy generation and storage leasing148 150 261 266 
Total revenues$25,500 $24,927 $46,801 $48,256 
Sales-type and Direct Financing Leases, Lease Receivables, Gross Difference
Lease receivables relating to sales-type leases are presented on the consolidated balance sheets as follows (in millions):
 June 30, 2024December 31, 2023
Gross lease receivables$628 $780 
Unearned interest income(55)(78)
Allowance for expected credit losses(6)(6)
Net investment in sales-type leases$567 $696 
Reported as:
Prepaid expenses and other current assets$177 $189 
Other non-current assets390 507 
Net investment in sales-type leases$567 $696 
Schedule of Net Income per Share of Common Stock Attributable to Common Stockholders
The following table presents the reconciliation of net income attributable to common stockholders to net income used in computing basic and diluted net income per share of common stock (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Net income attributable to common stockholders$1,478 $2,703 $2,607 $5,216 
Less: Buy-out of noncontrolling interest— — (42)(5)
Net income used in computing basic and diluted net income per share of common stock$1,478 $2,703 $2,649 $5,221 
The following table presents the reconciliation of basic to diluted weighted average shares used in computing net income per share of common stock attributable to common stockholders (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Weighted average shares used in computing net income per share of common stock, basic3,1913,1713,1893,168
Add:
Stock-based awards278294282292
Convertible senior notes1212
Warrants11111111
Weighted average shares used in computing net income per share of common stock, diluted3,4813,4783,4833,473
Schedule of Potentially Dilutive Shares that were Excluded from Computation of Diluted Net Income per Share of Common Stock
The following table presents the potentially dilutive shares that were excluded from the computation of diluted net income per share of common stock attributable to common stockholders, because their effect was anti-dilutive (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Stock-based awards25152417
Schedule of Cash and Cash Equivalents and Restricted Cash
Our total cash and cash equivalents and restricted cash, as presented in the consolidated statements of cash flows, was as follows (in millions):
 June 30,
2024
December 31,
2023
June 30,
2023
December 31,
2022
Cash and cash equivalents$14,635 $16,398 $15,296 $16,253 
Restricted cash included in prepaid expenses and other current assets374 543 384 294 
Restricted cash included in other non-current assets345 248 199 377 
Total as presented in the consolidated statements of cash flows$15,354 $17,189 $15,879 $16,924 
Schedule of Accrued Warranty Activity
Accrued warranty activity consisted of the following (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Accrued warranty—beginning of period$5,353 $3,965 $5,152 $3,505 
Warranty costs incurred(340)(296)(668)(576)
Net changes in liability for pre-existing warranties, including expirations and foreign exchange impact72 188 51 396 
Provision for warranty710 608 1,260 1,140 
Accrued warranty—end of period$5,795 $4,465 $5,795 $4,465