v3.24.1.u1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 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 March 31,
 20242023
Automotive sales$16,460 $18,878 
Automotive regulatory credits442 521 
Energy generation and storage sales1,522 1,413 
Services and other2,288 1,837 
Total revenues from sales and services20,712 22,649 
Automotive leasing476 564 
Energy generation and storage leasing113 116 
Total revenues$21,301 $23,329 
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):
 March 31, 2024December 31, 2023
Gross lease receivables$702 $780 
Unearned interest income(66)(78)
Allowance for expected credit losses(6)(6)
Net investment in sales-type leases$630 $696 
Reported as:
Prepaid expenses and other current assets$184 $189 
Other non-current assets446 507 
Net investment in sales-type leases$630 $696 
Schedule of Reconciliation of Net Income Used in Computing Basic and Diluted Net Income Per Share of Common Stock and Basic to Diluted Weighted Average Shares Used in Computing Net Income Per Share of Common Stock
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 March 31,
20242023
Net income attributable to common stockholders$1,129 $2,513 
Less: Buy-out of noncontrolling interest(42)(5)
Net income used in computing basic and diluted net income per share of common stock$1,171 $2,518 
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 March 31,
20242023
Weighted average shares used in computing net income per share of common stock, basic3,1863,166
Add:
Stock-based awards286289
Convertible senior notes12
Warrants1111
Weighted average shares used in computing net income per share of common stock, diluted3,4843,468
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 March 31,
20242023
Stock-based awards2325
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):
 March 31,
2024		December 31,
2023		March 31,
2023		December 31,
2022
Cash and cash equivalents$11,805 $16,398 $16,048 $16,253 
Restricted cash included in prepaid expenses and other current assets363 543 486 294 
Restricted cash included in other non-current assets296 248 236 377 
Total as presented in the consolidated statements of cash flows$12,464 $17,189 $16,770 $16,924 
Schedule of Accrued Warranty Activity
Accrued warranty activity consisted of the following (in millions):
Three Months Ended March 31,
20242023
Accrued warranty—beginning of period$5,152 $3,505 
Warranty costs incurred(328)(280)
Net changes in liability for pre-existing warranties, including expirations and foreign exchange impact(18)208 
Provision for warranty547 532 
Accrued warranty—end of period$5,353 $3,965