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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,893,638 $ 1,369,947
Short-term investments (including $15,000 and nil associated with a related party as of September 30, 2024 and December 31, 2023, respectively) 1,578,283 2,489,798
Accounts receivable, net (including $70,846 and $35,526 from a related party as of September 30, 2024 and December 31, 2023, respectively) 98,243 51,822
Inventory 506,842 696,236
Prepaid expenses 62,210 69,682
Other current assets 107,795 79,670
Total current assets 4,247,011 4,757,155
Property, plant and equipment, net 3,222,098 2,810,867
Right-of-use assets 220,616 221,508
Long-term investments 555,521 461,029
Other noncurrent assets 198,277 180,626
Investments in equity securities of a related party 45,660 81,533
TOTAL ASSETS 8,489,183 8,512,718
Current liabilities:    
Accounts payable 139,187 108,724
Accrued compensation 138,882 92,494
Finance lease liabilities, current portion 6,921 8,202
Other current liabilities (including $70,495 and $92,258 associated with related parties as of September 30, 2024 and December 31, 2023, respectively) 861,074 798,990
Total current liabilities 1,146,064 1,008,410
Finance lease liabilities, net of current portion 75,027 77,653
Common stock warrant liability 32,819 53,664
Long-term debt 2,000,847 1,996,960
Other long-term liabilities (including $120,286 and $178,311 associated with related parties as of September 30, 2024 and December 31, 2023, respectively) 558,525 524,339
Derivative liabilities associated with redeemable convertible preferred stock (related party) 932,025 0
Total liabilities 4,745,307 3,661,026
Commitments and contingencies (Note 12)
REDEEMABLE CONVERTIBLE PREFERRED STOCK    
Redeemable convertible preferred stock, (related party) 1,060,156 0
STOCKHOLDERS’ EQUITY    
Common stock, par value $0.0001; 15,000,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 2,338,376,367 and 2,300,111,489 shares issued and 2,337,518,542 and 2,299,253,664 shares outstanding as of September 30, 2024 and December 31, 2023, respectively 234 230
Additional paid-in capital 15,206,764 15,066,080
Treasury stock, at cost, 857,825 shares at September 30, 2024 and December 31, 2023 (20,716) (20,716)
Accumulated other comprehensive income 12,914 4,850
Accumulated deficit (12,515,476) (10,198,752)
Total stockholders’ equity 2,683,720 4,851,692
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY 8,489,183 8,512,718
Series A Redeemable Convertible Preferred Stock    
REDEEMABLE CONVERTIBLE PREFERRED STOCK    
Redeemable convertible preferred stock, (related party) 591,897 0
Series B Redeemable Convertible Preferred Stock    
REDEEMABLE CONVERTIBLE PREFERRED STOCK    
Redeemable convertible preferred stock, (related party) $ 468,259 $ 0