text: Our provision for income taxes increased by $434 million in the three months ended September 30, 2024 and increased 
  by $652 million in the nine months ended September 30, 2024 as compared to the three and nine months ended September 30, 
  2023, respectively. Our effective tax rate increased from 8% to 22% in the three months ended September 30, 2024 and 
  increased from 10% to 23% in the nine months ended September 30, 2024 as compared to the three and nine months ended 
  September 30, 2023, respectively. These increases are primarily due to the impact of releasing the valuation allowance on our 
  U.S. deferred tax assets in the fourth quarter of 2023 and changes in mix of jurisdictional earnings. 
  
  See Note 9, Income Taxes, to the consolidated financial statements included elsewhere in this Quarterly Report on Form 
  10-Q for further details. 
  
  Liquidity and Capital Resources 
  
  We expect to continue to generate net positive operating cash flow as we have done in the last five fiscal years. The cash 
  
  we generate from our core operations enables us to fund ongoing operations and production, our research and development 
  projects for new products and technologies including our proprietary battery cells, additional manufacturing ramps at existing 
  manufacturing facilities, the construction of future factories, and the continued expansion of our retail and service locations, 
  body shops, Mobile Service fleet, Supercharger, including to support NACS, energy product installation capabilities and 
  autonomy and other artificial intelligence enabled products. 