text: Deferred revenue is equivalent to the total transaction price allocated to the performance obligations that are unsatisfied, 
  
  or partially unsatisfied, as of the balance sheet date. Revenue recognized from the deferred revenue balances as of 
  December 31, 2023 and 2022 was $711 million and $360 million for the nine months ended September 30, 2024 and 2023, 
  respectively. Of the total deferred revenue balance as of September 30, 2024, we expect to recognize $821 million of revenue in 
  the next 12 months. The remaining balance will be recognized at the time of transfer of control of the product or over the 
  performance period. 
  
  We have financing receivables on our consolidated balance sheets related to loans we provide for financing our 
  automotive deliveries. As of September 30, 2024 and December 31, 2023, we had current net financing receivables of $245 
  million and $242 million, respectively, in Accounts receivable, net, and $868 million and $1.04 billion, respectively, in Other 
  non-current assets for the long-term portion. 
  
  We offer resale value guarantees to our commercial banking partners in connection with certain vehicle leasing 
  
  programs. Under these programs, we originate the lease with our end customer and immediately transfer the lease and the 
  underlying vehicle to our commercial banking partner, with the transaction being accounted for as a sale under ASC 606, 
  Revenue from Contracts with Customers. We estimate a guarantee liability in accordance with ASC 460, Guarantees and record 
  it within other liabilities on our consolidated balance sheet. On a quarterly basis, we assess the estimated market value of 
  vehicles sold under this program to determine whether there have been changes to the amount of expected resale value 
  guarantee liabilities. The total recorded guarantee liabilities on vehicles sold under this program were immaterial as of 
  September 30, 2024 and December 31, 2023. Our maximum exposure on the guarantees we provide if they are unable to sell 
  the vehicle at or above the vehicle’s contractual residual value at the end of the lease term was $1.04 billion and $166 million as 
  of September 30, 2024 and December 31, 2023, respectively. 