v3.24.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 6,394 $ 36,589
Restricted cash, current 3,905 3,426
Inventory 6,153  
Prepaids and other current assets 16,099 9,350
Total current assets 32,551 52,319
Property and equipment, net 377,100 311,400
Restricted cash, non-current 10,600 10,600
Operating lease right-of-use assets 36,241 39,331
Deferred warrant asset 50,175 50,175
Deferred battery supplier cost 30,000 30,000
Other non-current assets 5,338 2,647
Total assets 542,005 496,472
Current liabilities    
Accounts payable 65,306 103,187
Accrued expenses and other current liabilities 63,901 63,091
Convertible debt, current 51,180 34,829
Derivative liability, current 860 0
Financing liability, current 3,200 0
Warrant liability, current 0 17,171
Total current liabilities 184,447 218,278
Contingent earnout shares liability 41 3,013
Operating lease liabilities 35,722 38,608
Derivative liability, non-current 25,919 0
Financing liability, non-current 28,910 0
Warrant liability, non-current 17,390 0
Total liabilities 292,429 259,899
Commitments and contingencies (Note 12)
Redeemable preferred stock, $0.0001 par value; 10,000 shares authorized, 45 and no shares issued and outstanding as of December 31, 2023 and 2022, respectively 5,607 0
Stockholders’ equity    
Common stock, $0.0001 par value; 2,000,000 and 500,000 shares authorized as of December 31, 2023 and 2022, respectively; 864,587 and 355,388 issued and outstanding as of December 31, 2023 and 2022, respectively 85 35
Additional paid-in capital 1,725,728 1,416,361
Accumulated deficit (1,481,844) (1,179,823)
Total preferred stock and stockholders’ equity 249,576 236,573
Total liabilities, preferred stock and stockholders’ equity $ 542,005 $ 496,472

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