Canoo (GOEVQ) 10-Q 8 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Aug. 03, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-38824
Entity Registrant Name	CANOO INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	83-1476189
Entity Address, Address Line One	19951 Mariner Avenue
Entity Address, City or Town	Torrance
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90503
City Area Code	424
Local Phone Number	271-2144
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		272,632,909
Entity Central Index Key	0001750153
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common stock
Document Information [Line Items]
Title of 12(b) Security	Common stock, $0.0001 par value per share
Trading Symbol	GOEV
Security Exchange Name	NASDAQ
Warrant
Document Information [Line Items]
Title of 12(b) Security	Warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share
Trading Symbol	GOEVW
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 33,799	$ 224,721
Restricted cash, current	3,528	2,771
Prepaids and other current assets	33,239	63,814
Total current assets	70,566	291,306
Property and equipment, net	275,725	202,314
Restricted cash, non-current	10,250	0
Operating lease right-of-use assets	26,321	14,228
Other assets	14,651	15,226
Total assets	397,513	523,074
Current liabilities
Accounts payable	93,640	52,267
Accrued expenses and other current liabilities	86,089	83,925
Total current liabilities	179,729	136,192
Contingent earnout shares liability	4,121	29,057
Operating lease liabilities	25,318	13,826
Total liabilities	209,168	179,075
Commitments and Contingencies
Stockholders’ equity
Preferred stock, $0.0001 par value; 10,000 authorized, no shares issued and outstanding at June 30, 2022 and December 31, 2021	0	0
Common stock, $0.0001 par value; 500,000 authorized; 268,896 and 238,578 issued and outstanding at June 30, 2022 and December 31, 2021, respectively	26	24
Additional paid-in capital	1,170,207	1,036,104
Accumulated deficit	(981,888)	(692,129)
Total stockholders’ equity	188,345	343,999
Total liabilities and stockholders’ equity	$ 397,513	$ 523,074

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	268,896,000	238,578,000
Common stock, shares outstanding (in shares)	268,896,000	238,578,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenue	$ 0	$ 0	$ 0	$ 0
Costs and Operating Expenses
Cost of revenue, excluding depreciation	0	0	0	0
Research and development expenses, excluding depreciation	115,460	57,638	197,946	96,956
Selling, general and administrative expenses, excluding depreciation	55,152	44,625	110,773	100,252
Depreciation	2,892	2,083	5,570	4,207
Total costs and operating expenses	173,504	104,346	314,289	201,415
Loss from operations	(173,504)	(104,346)	(314,289)	(201,415)
Other income (expense)
Interest income (expense)	19	34	(9)	46
Gain (loss) on fair value change in contingent earnout shares liability	9,471	(8,157)	24,936	75,402
Loss on fair value change in private placement warrants liability	0	0	0	(1,639)
Other (expense), net	(378)	(85)	(395)	(174)
Loss before income taxes	(164,392)	(112,554)	(289,757)	(127,780)
Provision for income taxes	0	0	0	0
Net loss and comprehensive loss	(164,392)	(112,554)	(289,757)	(127,780)
Net loss and comprehensive loss	$ (164,392)	$ (112,554)	$ (289,757)	$ (127,780)
Per Share Data:
Net loss per share, basic (in dollars per share)	$ (0.68)	$ (0.50)	$ (1.22)	$ (0.57)
Net loss per share, diluted (in dollars per share)	$ (0.68)	$ (0.50)	$ (1.22)	$ (0.57)
Weighted-average shares outstanding, basic (in shares)	242,772	226,928	238,242	225,885
Weighted-average shares outstanding, diluted (in shares)	242,772	226,928	238,242	225,885

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Shareholder's Equity - USD ($) shares in Thousands, $ in Thousands	Total	SEPA	PIPE	VDL Nedcar	Common stock	Common stock SEPA	Common stock PIPE	Common stock VDL Nedcar	Additional paid-in capital	Additional paid-in capital SEPA	Additional paid-in capital PIPE	Additional paid-in capital VDL Nedcar	Accumulated deficit
Balance as of beginning of period (in shares) at Dec. 31, 2020					235,753
Balance as of beginning of period at Dec. 31, 2020	$ 565,242				$ 24				$ 910,579				$ (345,361)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds from exercise of public warrants (in shares)					597
Proceeds from exercise of public warrants	6,867								6,867
Repurchase of unvested shares - forfeitures (in shares)					(118)
Repurchase of unvested shares – forfeitures	(2)								(2)
Issuance of shares for restricted stock units vested (in shares)					1,230
Issuance of shares for restricted stock units vested	0
Issuance of shares upon exercise of vested stock options (in shares)					37
Issuance of shares upon exercise of vested stock options	0
Stock-based compensation	45,146								45,146
Conversion of private placement warrants to public warrants	8,252								8,252
Net loss and comprehensive loss	(15,227)												(15,227)
Net loss and comprehensive loss	(15,227)												(15,227)
Balance as of end of period (in shares) at Mar. 31, 2021					237,499
Balance as of end of period at Mar. 31, 2021	610,278				$ 24				970,842				(360,588)
Balance as of beginning of period (in shares) at Dec. 31, 2020					235,753
Balance as of beginning of period at Dec. 31, 2020	565,242				$ 24				910,579				(345,361)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of private placement warrants to public warrants	8,252
Net loss and comprehensive loss	(127,780)
Net loss and comprehensive loss	(127,780)
Balance as of end of period (in shares) at Jun. 30, 2021					237,563
Balance as of end of period at Jun. 30, 2021	523,236				$ 24				996,354				(473,142)
Balance as of beginning of period (in shares) at Mar. 31, 2021					237,499
Balance as of beginning of period at Mar. 31, 2021	610,278				$ 24				970,842				(360,588)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of unvested shares - forfeitures (in shares)					(56)
Repurchase of unvested shares – forfeitures	(2)								(2)
Issuance of shares for restricted stock units vested (in shares)					114
Issuance of shares for restricted stock units vested	0
Issuance of shares upon exercise of vested stock options (in shares)					6
Issuance of shares upon exercise of vested stock options	0
Stock-based compensation	25,514								25,514
Net loss and comprehensive loss	(112,554)												(112,554)
Net loss and comprehensive loss	(112,554)												(112,554)
Balance as of end of period (in shares) at Jun. 30, 2021					237,563
Balance as of end of period at Jun. 30, 2021	523,236				$ 24				996,354				(473,142)
Balance as of beginning of period (in shares) at Dec. 31, 2021					238,578
Balance as of beginning of period at Dec. 31, 2021	343,999				$ 24				1,036,104				(692,129)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of unvested shares - forfeitures (in shares)					(296)
Repurchase of unvested shares – forfeitures	(3)								(3)
Issuance of shares for restricted stock units vested (in shares)					584
Issuance of shares for restricted stock units vested	0
Issuance of shares upon exercise of vested stock options (in shares)					20
Issuance of shares upon exercise of vested stock options	0
Purchase of shares by VDL Nedcar (in shares)								972
Purchase of shares and warrants by VDL Nedcar				$ 8,400								$ 8,400
Stock-based compensation	20,680								20,680
Net loss and comprehensive loss	(125,367)												(125,367)
Net loss and comprehensive loss	(125,367)												(125,367)
Balance as of end of period (in shares) at Mar. 31, 2022					239,858
Balance as of end of period at Mar. 31, 2022	247,709				$ 24				1,065,181				(817,496)
Balance as of beginning of period (in shares) at Dec. 31, 2021					238,578
Balance as of beginning of period at Dec. 31, 2021	343,999				$ 24				1,036,104				(692,129)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of private placement warrants to public warrants	0
Net loss and comprehensive loss	(289,757)
Net loss and comprehensive loss	(289,757)
Balance as of end of period (in shares) at Jun. 30, 2022					268,896
Balance as of end of period at Jun. 30, 2022	188,345				$ 26				1,170,207				(981,888)
Balance as of beginning of period (in shares) at Mar. 31, 2022					239,858
Balance as of beginning of period at Mar. 31, 2022	247,709				$ 24				1,065,181				(817,496)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of unvested shares - forfeitures (in shares)					(175)
Repurchase of unvested shares – forfeitures	(3)								(3)
Issuance of shares for restricted stock units vested (in shares)					1,017
Issuance of shares for restricted stock units vested	0
Issuance of shares - SEPA and PIPE (in shares)						14,236	13,699
Issuance of shares		$ 33,083	$ 50,000			$ 1	$ 1			$ 33,082	$ 49,999
Issuance of shares upon exercise of vested stock options (in shares)					7
Issuance of shares upon exercise of vested stock options	$ 0
Issuance of shares under employee stock purchase plan (in shares)	254
Issuance of shares under employee stock purchase plan	$ 1,175								1,175
Stock-based compensation	20,773								20,773
Net loss and comprehensive loss	(164,392)												(164,392)
Net loss and comprehensive loss	(164,392)												(164,392)
Balance as of end of period (in shares) at Jun. 30, 2022					268,896
Balance as of end of period at Jun. 30, 2022	$ 188,345				$ 26				$ 1,170,207				$ (981,888)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net loss	$ (164,392)	$ (112,554)	$ (289,757)	$ (127,780)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	2,892	2,083	5,570	4,207
Non-cash operating lease expense			966	235
Non-cash commitment fee under SEPA			582	0
Stock-based compensation			41,453	70,660
Gain on fair value in contingent earnout shares liability	(9,471)	8,157	(24,936)	(75,402)
Loss on fair value change in private placement warrants liability	0	0	0	1,639
Changes in operating assets and liabilities:
Prepaids and other current assets			136	(7,714)
Other assets			574	256
Accounts payable, accrued expenses and other current liabilities			27,847	25,081
Net cash used in operating activities			(237,565)	(108,818)
Cash flows from investing activities:
Purchases of property and equipment			(65,420)	(28,653)
Return of prepayment to VDL Nedcar			30,440	0
Net cash used in investing activities			(34,980)	(28,653)
Cash flows from financing activities:
Proceeds from exercise of public warrants			0	6,867
Repurchase of unvested shares			(6)	(4)
Payment of offering costs			(250)	(1,306)
Repayment of PPP loan			0	(6,943)
Proceeds from the purchase of shares and warrants by VDL Nedcar			8,400	0
Proceeds from issuance of shares under SEPA Agreement			32,500	0
Proceeds from issuance of shares under PIPE			50,000	0
Proceeds from employee stock purchase plan			1,986	0
Net cash provided by (used in) financing activities			92,630	(1,386)
Net decrease in cash, cash equivalents, and restricted cash			(179,915)	(138,857)
Cash, cash equivalents, and restricted cash, beginning of period			227,492	702,422
Cash, cash equivalents, and restricted cash, end of period	47,577	563,565	47,577	563,565
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
Cash and cash equivalents at end of period	33,799	563,075	33,799	563,075
Restricted cash, current at end of period	3,528	490	3,528	490
Restricted cash, non-current at end of period	10,250	0	10,250	0
Total cash, cash equivalents, and restricted cash at end of period shown in the condensed consolidated statements of cash flows	$ 47,577	$ 563,565	47,577	563,565
Supplemental non-cash investing and financing activities
Acquisition of property and equipment included in current liabilities			66,075	37,887
Offering costs included in current liabilities			932	12,001
Recognition of operating lease right-of-use asset			13,058	2,003
Conversion of private placement warrants to public warrants			0	8,252
Supplemental disclosures of cash flow information
Cash paid for interest			$ 0	$ 60

Organization and Business

Organization and Business	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business	Organization and Business Canoo Inc. (“Canoo” or the “Company”) is a mobility technology company with a mission to bring electric vehicles ("EVs") to everyone. We have developed a breakthrough EV platform that we believe will enable us to rapidly innovate, and bring new products addressing multiple use cases to market faster than our competition and at a lower cost. Recent Developments Yorkville Facility I On May 10, 2022, the Company entered into a Standby Equity Purchase Agreement (the “SEPA”) with YA II PN, Ltd. (“Yorkville”), pursuant to which the Company could sell to Yorkville up to $250.0 million of its shares of Common Stock at the Company’s request any time during the 36 months following the execution of the SEPA. The shares are purchased by Yorkville at a purchase price equal to 97.5% of the market price (as defined in the SEPA). In addition, the Company could also request one or more pre-advance loans (each, a “Pre-Advance Loan”) from Yorkville, pursuant to certain terms and conditions. During the three and six months ended June 30, 2022, the Company issued 14.2 million shares of Common Stock to Yorkville for cash proceeds of $32.5 million with a portion of the shares issued as non-cash stock purchase discount under the SEPA. On July 20, 2022, in connection with the entry into the Pre-Paid Advance Agreement (the “PPA”) described in Note 15, the Company agreed with Yorkville that it would not request any further purchases of shares of its Common Stock or Pre-Advance Loans under the SEPA while there are any Pre-Paid Advances (as defined below) outstanding under the PPA unless the Common Stock is trading below $1.00 per share. The Company currently intends to terminate the SEPA. PIPE On May 10, 2022, the Company entered into Common Stock Subscription Agreement providing for the purchase of an aggregate of 13.7 million shares (the “PIPE Shares”) of the Company’s Common Stock at a price of $3.65 per PIPE Share (the “Purchase Price”) for an aggregate Purchase Price of $50.0 million (the “Private Placement”). The purchasers of the PIPE Shares (the “Purchasers”) are special purpose vehicles managed by entities affiliated with Mr. Tony Aquila, the Company’s Executive Chairman and Chief Executive Officer. The closing of the Private Placement occurred on May 20, 2022.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies These unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and accounting principles generally accepted in the United States (“GAAP”) for interim reporting. Accordingly, certain notes or other information that are normally required by GAAP have been omitted if they substantially duplicate the disclosures contained in the Company’s annual audited consolidated financial statements. Accordingly, the unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and related notes as of and for the year ended December 31, 2021, included in the Company's Annual Report on Form 10-K (“Annual Report on Form 10-K”). Results of operations reported for interim periods are not necessarily indicative of results for the entire year. In the opinion of management, the Company has made all adjustments necessary to present fairly its condensed consolidated financial statements for the periods presented. Such adjustments are of a normal, recurring nature . The Company’s financial statements have been prepared under the assumption that the Company will continue as a going concern, which contemplates the realization of assets and discharge of liabilities in the normal course of business for the foreseeable future. The accompanying unaudited condensed consolidated financial statements include the results of the Company and its subsidiaries. The Company’s comprehensive loss is the same as its net loss. No material changes have occurred with respect to the Company’s significant accounting policies disclosed in Note 2 of the Notes to the Consolidated Financial Statements in Part II, Item 8 of the Annual Report on Form 10-K. Liquidity and Capital Resources As of the date of the filing of this Form 10-Q, the Company’s principal sources of liquidity are its unrestricted cash balance and its access to capital under the PPA. The Company has incurred losses since inception and had negative cash flow from operating activities of $237.6 million for the six months ended June 30, 2022. The Company expects to continue to incur net losses and negative cash flows from operating activities in accordance with its operating plan and expects that both capital and operating expenditures will increase significantly in connection with its ongoing activities. As previously disclosed in our 2021 Form 10-K, management planned to raise additional capital through a combination of debt financing, other non-dilutive financing and/or equity financing and to the extent unsuccessful at doing so, management had the intent and ability to use its discretion to delay, scale back, or abandon future expenditures. As of the date of the filing of this Form 10-Q, certain additional financing has been secured as discussed in Notes 11 and 15, and as such, management has not taken certain actions to delay, scale back, or abandon future expenditures. However, management’s actions to preserve an adequate level of liquidity for a period of twelve months from the date of the filing of this Form 10-Q are not sufficient on their own without obtaining access to additional liquidity to mitigate the conditions raising substantial doubt about the Company’s ability to continue as a going concern. As an early-stage growth company, the Company’s ability to access capital is critical. Although management continues to explore raising additional capital through a combination of debt financing, other non-dilutive financing and/or equity financing to supplement the Company’s capitalization and liquidity, management cannot conclude as of the date of this filing that its plans are probable of being successfully implemented. The condensed consolidated interim financial information does not include any adjustments that might result from the outcome of this uncertainty. We believe substantial doubt exists about the Company’s ability to continue as a going concern for twelve months from the date of issuance of our financial statements. Macroeconomic Conditions and COVID-19 Current adverse macroeconomic conditions, including but not limited to heightened inflation, slower growth or recession, changes to fiscal and monetary policy, higher interest rates, currency fluctuations, challenges in the supply chain and the Ukraine war, could negatively affect our business. In addition, COVID-19 virus variants, infection rates and regulations continue to fluctuate in various regions of the world and there are ongoing global impacts resulting from the pandemic, including challenges and increases in costs for logistics and supply chains, and intermittent supplier delays. Ultimately, the Company cannot predict the impact of current or worsening macroeconomic conditions or the ongoing impacts of the COVID-19 pandemic. The Company continues to monitor macroeconomic conditions to remain flexible and to optimize and evolve its business as appropriate. To do this, the Company is working on projecting demand and infrastructure requirements globally and deploying its workforce and other resources accordingly. Fair Value of Financial Instruments The Company applies the provisions of ASC 820, Fair Value Measurements and Disclosures , which provides a single authoritative definition of fair value, sets out a framework for measuring fair value and expands on required disclosures about fair value measurement. Fair value represents the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company uses the following hierarchy in measuring the fair value of the Company’s assets and liabilities, focusing on the most observable inputs when available: • Level 1 Quoted prices in active markets for identical assets or liabilities. • Level 2 Observable inputs other than Level 1 quoted prices, such as quoted prices for similar assets and liabilities in active markets, quoted prices in markets that are not active for identical or similar assets and liabilities, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 Valuations are based on inputs that are unobservable and significant to the overall fair value measurement of the assets or liabilities. Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The following table summarizes the Company’s assets and liabilities that are measured at fair value on a recurring basis as required by ASC 820, by level, within the fair value hierarchy as of June 30, 2022 and December 31, 2021 (in thousands): June 30, 2022 Fair Value Level 1 Level 2 Level 3 Assets Money Market Funds $ 47,577 $ 47,577 $ — $ — Liability Contingent earnout shares liability $ 4,121 $ — $ — $ 4,121 December 31, 2021 Fair Value Level 1 Level 2 Level 3 Assets Money Market Funds $ 227,492 $ 227,492 $ — $ — Liability Contingent earnout shares liability $ 29,057 $ — $ — $ 29,057 The Company has a contingent obligation to issue 15.0 million shares of Common Stock to certain stockholders and employees upon the achievement of certain market share price milestones within specified periods (the “Earnout Shares”). Upon the occurrence of a bankruptcy or liquidation, any unissued Earnout Shares would be fully issued regardless of whether the share price target has been met. The Earnout Shares are accounted for as a contingent liability and its fair value is determined using Level 3 inputs, since estimating the fair value of this contingent liability requires the use of significant and subjective inputs that may and are likely to change over the duration of the liability with related changes in internal and external market factors. The tranches were valued using the Monte Carlo simulation of the stock prices based on historical and implied market volatility of the Company. Following is a summary of the change in fair value of contingent earnout shares liability for the six months ended June 30, 2022 (in thousands). Earnout Shares Liability Beginning fair value at December 31, 2021 $ 29,057 Change in fair value during the period (24,936) Ending fair value at June 30, 2022 $ 4,121

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board (“FASB”), in the form of Accounting Standards Updates (“ASUs”), to the FASB’s Accounting Standards Codification. The Company considers the applicability and impact of all ASUs. ASUs not listed below were assessed and determined to be either not applicable or are expected to have immaterial impact on the Company’s condensed consolidated financial position, results of operations or cash flows. In November 2021, the FASB issued ASU No. 2021-10

Prepaids and other current asse

Prepaids and other current assets	6 Months Ended
	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaids and other current assets	Prepaids and other current assets Prepaids and other current assets consisted of the following (in thousands): June 30, 2022 December 31, 2021 Receivable from VDL Nedcar $ — $ 30,440 Deferred battery supplier cost 18,300 18,300 Short term deposits 2,679 7,030 Prepaid expense 10,453 4,865 Other current assets 1,807 3,179 Prepaids and other current assets $ 33,239 $ 63,814

Property and Equipment, net

Property and Equipment, net	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment, Net [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net consisted of the following (in thousands): June 30, December 31, Machinery and equipment $ 24,360 $ 18,040 Computer hardware 7,486 6,161 Computer software 9,045 7,837 Vehicles 325 267 Furniture and fixtures 742 742 Leasehold improvements 14,952 14,939 Construction-in-progress 246,219 176,162 303,129 224,148 Less: Accumulated depreciation (27,404) (21,834) Property and equipment, net $ 275,725 $ 202,314 Construction-in-progress is primarily related to the development of manufacturing lines as well as equipment and tooling necessary in the production of the Company’s vehicles. Completed tooling assets will be transferred to their respective asset classes and depreciation will begin when an asset is ready for its intended use. As of June 30, 2022, no depreciation on construction-in-progress has been recognized to date. Depreciation expense for property and equipment was $2.9 million and $5.6 million for the three and six months ended June 30, 2022, respectively. Depreciation expense for property and equipment was $2.1 million and $4.2 million for the three and six months ended June 30, 2021, respectively.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	6 Months Ended
	Jun. 30, 2022
Accrued Liabilities, Current [Abstract]
Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current LiabilitiesAccrued expenses consisted of the following (in thousands): June 30, December 31, Accrued property and equipment purchases $ 23,970 $ 34,375 Accrued research and development costs 29,976 23,994 Accrued professional fees 18,172 9,239 Accrued battery supplier costs — 10,000 Other accrued expenses 13,971 6,317 Total accrued expenses $ 86,089 $ 83,925

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments Refer to Note 8 for information regarding operating lease commitments. In connection with the commencement of the Company's Bentonville, Arkansas lease in February 2022, the Company issued a standby letter of credit of $9.5 million which is included in restricted cash, non-current within the accompanying condensed consolidated balance sheet as of June 30, 2022. The letter of credit has a five year term and will not be drawn upon unless the Company fails to make its payments. Legal Proceedings From time to time, the Company may become subject to legal proceedings, claims and litigation arising in the ordinary course of business. Some of these claims, lawsuits and other proceedings may involve highly complex issues that are subject to substantial uncertainties, and could result in damages, fines, penalties, non-monetary sanctions or relief. On April 2, 2021 and April 9, 2021, the Company was named as a defendant in putative class action complaints filed in California on behalf of individuals who purchased or acquired shares of the Company’s stock during a specified period. Through the complaint, plaintiffs are seeking, among other things, compensatory damages. On June 25, 2021, the Company was named as a nominal defendant in a stockholder derivative complaint filed in Delaware. Through the stockholder derivative complaint, the plaintiff is asserting claims against certain of the Company’s current and former officers and directors and seeking, among other things, damages. The final determinations of liability arising from these litigation matters will only be made following comprehensive investigations and litigation processes. On April 29, 2021, the SEC’s Division of Enforcement advised that it has opened an investigation related to, among other things, HCAC’s initial public offering, HCAC’s merger with the Company and the concurrent private investment in public equity offering, historical movements in the Company, the Company’s operations, business model, revenues, revenue strategy, customer agreements, earnings, and other related topics, along with the recent departures of certain of the Company’s officers. The SEC has informed the Company that its current investigation is a fact-finding inquiry. The SEC has also informed the Company that the investigation does not indicate that it has concluded that anyone has violated the law, and does not indicate that it has a negative opinion of any person, entity or security. We are providing the requested information and cooperating fully with the SEC investigation. In March 2022, the Company received demand letters on behalf of shareholders of the Company identifying purchases and sales of the Company’s securities within a period of less than six months by DD Global Holdings Ltd. (“DDG”) that resulted in profits in violation of Section 16(b) of the Exchange Act. On May 9, 2022, the Company brought an action against DDG in the Southern District of New York seeking the disgorgement of the Section 16(b) profits obtained by DDG from such purchases and sales. In the action, the Company seeks to recover an estimated $61.1 million of Section 16(b) profits. The Company is the respondent in a confidential arbitration initiated by a former employee of the Company concerning a dispute over shares of the Company’s Common Stock. The arbitration demand alleges claims for conversion and violations of various California statutory provisions. The Company has filed counterclaims against the former employee for breach of contract and declaratory judgment. The final determinations of liability arising from this matter will only be made following comprehensive investigations and litigation processes . At this time, the Company does not consider any such claims, lawsuits or proceedings that are currently pending, individually or in the aggregate, including the matters referenced above, to be material to the Company’s business or likely to result in a material adverse effect on its future operating results, financial condition or cash flows should such proceedings be resolved unfavorably. Indemnifications In the ordinary course of business, the Company may provide indemnifications of varying scope and terms to vendors, lessors, investors, directors, officers, employees and other parties with respect to certain matters, including, but not limited to, losses arising out of the Company’s breach of such agreements, services to be provided by the Company, or from intellectual property infringement claims made by third-parties. These indemnifications may survive termination of the underlying agreement and the maximum potential amount of future payments the Company could be required to make under these indemnification provisions may not be subject to maximum loss clauses. The Company provided indemnifications to certain of its officers and employees with respect to claims filed by a former employee.

Operating Leases

Operating Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Operating Leases	Operating Leases During the first quarter of 2022, the Company entered into a real estate lease for its industrialization facility in Bentonville, Arkansas ("Bentonville lease"). The original lease term is 10 years and commenced on February 1, 2022. The Bentonville lease contains an option to extend the term for 10 years and is classified as an operating lease. At the inception of the lease, it was not reasonably certain we would exercise any of the options to extend the term of the leases. The rent payments made by the Company under the Bentonville lease are expensed on a straight-line basis in the condensed consolidated statements of operations. Lease Portfolio The Company used judgment in determining an appropriate incremental borrowing rate to calculate the operating lease right-of-use asset and operating lease liability. The weighted average discount rate used was 7.04% . As of June 30, 2022, the remaining operating lease ROU asset and operating lease liability were approximately $26.3 million and $27.0 million, respectively. As of December 31, 2021, the operating lease ROU asset and operating lease liability were approximately $14.2 million and $14.6 million, respectively. As of June 30, 2022 and December 31, 2021, $1.7 million and $0.8 million, respectively, of the lease liability was determined to be short term and was included in accrued expenses and other current liabilities within the condensed consolidated balance sheets. Related party lease expense related to these leases were $0.2 million and $0.3 million for the three and six months ended June 30, 2022, respectively. Related party lease expense related to these leases were $0.6 million and $1.1 million for the three and six months ended June 30, 2021, respectively. The weighted average remaining lease term at June 30, 2022 and December 31, 2021 was 9.9 years and 10.7 years, respectively. Maturities of the Company’s operating lease liabilities at June 30, 2022 were as follows (in thousands): Operating 2022 (excluding the six months ended June 30, 2022) $ 1,732 2023 3,548 2024 3,655 2025 3,764 2026 3,577 Thereafter 21,967 Total lease payments 38,243 Less: imputed interest (1) 11,266 Present value of operating lease liabilities 26,977 Current portion of operating lease liabilities (2) 1,659 Operating lease liabilities, net of current portion $ 25,318 __________________________ (1) Calculated using the incremental borrowing rate. (2) Included within Accrued expenses and other current liabilities line item on the Condensed Consolidated Balance Sheet. Michigan Facility Lease On October 20, 2021, the Company entered into an agreement for a facility lease for which we did not have control of the underlying assets as of June 30, 2022. Accordingly, we did not record the lease liability and ROU asset within the condensed consolidated balance sheets. The lease is for additional office and research and development spaces located in Auburn Hills, Michigan. We expect the lease commencement date to begin in the second half of fiscal year 2022 with a lease term of approximately 11 years from the commencement date and one option to extend the lease by a term of 5 years. The total minimum lease payments over the initial lease term is $12.7 million.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions On November 25, 2020, Legacy Canoo entered into an agreement, which remains in effect, with Tony Aquila, Executive Chair and Chief Executive Officer (“CEO”) of the Company, to reimburse Mr. Aquila for certain air travel expenses based on certain agreed upon criteria (“aircraft reimbursement”). The total aircraft reimbursement to Mr. Aquila for the use of an aircraft owned by AFV, an entity controlled by Mr. Aquila, for the purposes related to the business of the Company was approximately $0.2 million and $0.6 million for the three and six months ended June 30, 2022, respectively. The reimbursement was approximately $0.4 million and $1.0 million for the three and six months ended June 30, 2021, respectively. In addition, certain AFV staff provided the Company with shared services support in its Justin, Texas corporate office facility. For the three and six months ended June 30, 2022, the Company paid AFV approximate ly $0.3 million and $0.5 million, respectively, for these services. There were no payments made to AFV for these services for the three and six months ended June 30, 2021. On May 10, 2022, the Company entered into Common Stock Subscription Agreement providing for the purchase of an aggregate of 13.7 million shares of the Company’s Common Stock at a price of $3.65 per PIPE Share for an aggregate Purchase Price of $50.0 million. The purchasers of the PIPE Shares are special purpose vehicles managed by entities affiliated with Mr. Tony Aquila, the Company’s Executive Chairman and Chief Executive Officer. The closing of the Private Placement occurred on May 20, 2022.

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Jun. 30, 2022
Share-based Payment Arrangement [Abstract]
Stock-based Compensation	Stock-based Compensation Restricted Stock Units Under the 2020 Equity Incentive Plan, employees are compensated through various forms of equity, including restricted stock unit awards (“RSU”). Each RSU represents a contingent right to receive one share of Common Stock. During the three and six months ended June 30, 2022, 8,932,997 and 11,743,252 RSUs were granted subject to time-based vesting. Performance-Based Restricted Stock Units Performance stock unit awards (“PSU”) represent the right to receive a share of Common Stock if service, performance, and market conditions, or a combination thereof, are met over a defined period. PSUs that contain a market condition, such as stock price milestones, are subject to a Monte Carlo simulation model to determine the grant date fair value by simulating a range of possible future stock prices for the Company over the performance period. The grant date fair value of the market condition PSUs is recognized as compensation expense over the greater of the Monte Carlo simulation model’s derived service period and the arrangement’s explicit service period, assuming both conditions must be met. PSUs subject to performance conditions, such as operational milestones, are measured on the grant date, the total fair value of which is calculated as the product of the number of PSUs and the grant date stock price. Compensation expense for PSUs with a performance condition is recorded each period based upon a probability assessment of the expected outcome of the performance metric with a final adjustment upon measurement at the end of the performance period. During the three and six months ended June 30, 2022, 4,245,852 PSUs were granted to Company employees, with a total grant date fair value of approximately $13.8 million. The PSUs vest based on the Company's achievement of certain specified operational milestones by various dates through December 2025. As of the grant date, the Company's analysis determined that these operational milestone events are probable of achievement and as such, compensation expense of $1.6 million has been recognized for the three and six months ended June 30, 2022. No PSUs were granted to the CEO during the three and six months ended June 30, 2022. The compensation expense recognized for previously awarded PSUs to the CEO was $4.4 million and $9.1 million for the three and six months ended June 30, 2022. The following table summarizes the Company’s stock-based compensation expense by line item for the three and six months ended period presented in the condensed consolidated statements of operations (in millions): Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Research and development $ 8.2 $ 8.5 $ 15.2 $ 15.6 Selling, general and administrative 12.6 17.0 26.3 55.0 Total $ 20.8 $ 25.5 $ 41.5 $ 70.6 The Company’s total unrecognized compensation cost as of June 30, 2022, was $115.2 million. 2020 Employee Stock Purchase Plan The 2020 Employee Stock Purchase Plan (the “2020 ESPP”) was adopted by the board of directors on September 18, 2020, approved by the stockholders on December 18, 2020, and became effective on December 21, 2020 with the Business Combination. On December 21, 2020, the board of directors delegated its authority to administer the 2020 ESPP to the Compensation Committee. The Compensation Committee determined that it is in the best interests of the Company and its stockholders to implement successive three-month purchase periods, with the first offering period commencing on grant date January 3, 2022 and a purchase date of April 1, 2022. The 2020 ESPP provides participating employees with the opportunity to purchase up to a maximum number of shares of Common Stock of 4,034,783, plus the number of shares of Common Stock that are automatically added on January 1st of each year for a period of ten years, in an amount equal to the lesser of (i) 1% of the total number of shares of Common Stock outstanding on December 31st of the preceding calendar year, and (ii) 8,069,566 shares of Common Stock. During the three and six months ended June 30, 2022, total employee withholding contributions for the 2020 ESPP was $0.8 million and $2.0 million, respectively, a portion of which is included in restricted cash, current, within the accompanying condensed consolidated balance sheet as of June 30, 2022. Approximately $0.5 million and $0.9 million of stock-based compensation expense was recognized for the 2020 ESPP during the three and six months ended June 30, 2022, respectively.

Equity

Equity	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Equity	EquityOn May 10, 2022, the Company entered into the SEPA with Yorkville. Pursuant to the SEPA, the Company could sell to Yorkville up to $250.0 million of its shares of Common Stock, at the Company’s request any time during the 36 months following the execution of the SEPA. During the three months ended June 30, 2022, we issued 14.2 million shares of Common Stock to Yorkville for cash proceeds of $32.5 million with a portion of the shares issued as non-cash stock purchase discount under the SEPA. See Notes 1 and 15 for information regarding the Company’s agreement with Yorkville not to request further purchases of Common Stock under the SEPA while any amounts remain outstanding under the PPA. Refer to Note 15 for further information regarding the PPA with Yorkville.Refer to Notes 9 and 12 for information regarding the PIPE and VDL Nedcar warrants, respectively.

Warrants

Warrants	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Warrants	Warrants Public Warrants As of June 30, 2022, the Company had 23,755,069 public warrants outstanding. Each public warrant entitles the registered holder to purchase one share of Common Stock at a price of $11.50 per share, subject to adjustment. The public warrants will expire on December 21, 2025, or earlier upon redemption or liquidation. On March 2, 2021, all of the private placement warrants were converted to public warrants. There were no public warrants exercised for the three and six months ended June 30, 2022. VDL Nedcar Warrants In February 2022, the Company and a company related to VDL Nedcar entered into an investment agreement, under which the VDL Nedcar-related company agreed to purchase shares of Common Stock for an aggregate value of $8.4 million, at the market price of Common Stock as of December 14, 2021. As a result, the Company issued 972,222 shares of Common Stock upon execution of the agreement. The Company also issued a warrant to purchase an aggregate 972,222 shares of Common Stock to VDL Nedcar at exercise prices ranging from $18 to $40 per share, which are classified as equity. The exercise period is from November 1, 2022, to November 1, 2025 ("Exercise Period"). The warrant can be exercised in whole or in part during the Exercise Period but can only be exercised in three equal tranches and after the stock price per Common Stock has reached at least the relevant exercise price. The $8.4 million received from VDL Nedcar is included as a financing cash inflow in the accompanying condensed consolidated statement of cash flows for the six months ended June 30, 2022. The shares of Common Stock issued to VDL Nedcar are included in the accompanying condensed consolidated statement of stockholders' equity for the six months ended June 30, 2022.

Net Loss per Share

Net Loss per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Net Loss per Share	Net Loss per Share The condensed consolidated statements of operations include the basic and diluted net loss per share. The following table presents the potential shares that were excluded from the computation of diluted net loss per share, because their effect was anti-dilutive as follows (in thousands): June 30, 2022 2021 Early exercise of unvested stock options 1,277 3,965 Options to purchase common stock 221 297 Restricted common stock shares 3,197 5,944 Restricted and performance stock units 35,498 15,808

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesAs the Company has not generated any taxable income since inception, the cumulative deferred tax assets remain fully offset by a valuation allowance, and no benefit from federal or state income taxes has been included in the condensed consolidated financial statements.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Electric Vehicle Fleet Purchase Agreement and Warrant On July 11, 2022, Canoo Sales, LLC, a wholly-owned subsidiary of the Company, entered into an Electric Vehicle Fleet Purchase Agreement (the "EV Fleet Purchase Agreement") with Walmart Inc. ("Walmart"). Pursuant to the EV Fleet Purchase Agreement, subject to certain acceptance and performance criteria, Walmart agreed to purchase at least 4,500 EVs, with an option to purchase up to an additional 5,500 EVs, for an agreed upon capped price per unit determined based on the EV model. The EV Fleet Purchase Agreement (excluding any work order or purchase order as a part thereof) has a five-year term, unless earlier terminated. In connection with the EV Fleet Purchase Agreement, the Company entered into a Warrant Issuance Agreement with Walmart pursuant to which the Company issued to Walmart a warrant (the "Warrant") to purchase an aggregate of 61.2 million shares of Common Stock, at an exercise price of $2.15 per share. The Warrant has a term of ten years and is vested immediately with respect to 15.3 million shares of Common Stock. Thereafter, subject to stockholder approval, as applicable, the Warrant will vest quarterly in amounts proportionate with the net revenue realized by the Company from transactions with Walmart or its affiliates under the EV Fleet Purchase Agreement or enabled by any other agreement between the Company and Walmart, and any net revenue attributable to any products or services offered by Walmart or its affiliates related to the Company, until such net revenue equals $300.0 million, at which time the Warrant will have vested fully. In the event that stockholder approval is not obtained, in lieu of any shares which would have been issued to Walmart on account of the Warrant, the Company is required to pay to Walmart an amount in cash calculated pursuant to the Warrant. Yorkville Facility II On July 20, 2022, the Company entered into the PPA with Yorkville, pursuant to which the Company may request advances of up to $50.0 million in cash from Yorkville (or such greater amount that the parties may mutually agree) (each, a "Pre-Paid Advance"), with an aggregate limit of $300.0 million. Amounts outstanding under Pre-Paid Advances can be offset by the issuance of shares of Common Stock to Yorkville at a price per share calculated pursuant to the PPA, which in no event will be less than $1.00 per share. The issuance of the shares under the PPA is subject to certain limitations, including that the aggregate number of shares of Common Stock issued pursuant to the PPA (including the aggregation with the issuance of Common Stock under the SEPA) cannot exceed 19.9% of the Company's outstanding stock as of May 10, 2022. In addition, subject to certain conditions and limitations, the Company has the right to issue shares of Common Stock and cause Yorkville to offset certain outstanding amounts under the PPA. Interest accrues on the outstanding balance of any Pre-Paid Advance at an annual rate equal to 5%, subject to an increase to 15% upon events of default described in the PPA. Each Pre-Paid Advance has a maturity date of 15 months. On July 22, 2022, the Company received an aggregate of $49.5 million on account of the first Pre-Paid Advance in accordance with the PPA. Additional Pre-Paid Advances under the PPA are subject to conditions precedent, including that there are no more than $10.0 million outstanding under prior Pre-Paid Advances. The Company currently intends to terminate the SEPA. ATM Program On August 8, 2022, the Company entered into an At-the-Market Offering Agreement (the "ATM Agreement") with Evercore Group L.L.C. and H.C. Wainwright & Co., LLC (collectively, the "agents"), to sell shares of Common Stock having an aggregate sales price of up to $200.0 million, from time to time, through an “at-the-market offering” program under which the agents will act as sales agent. The sales, if any, will be made by any method permitted by law deemed to be an “at-the-market offering” as defined in Rule 415 promulgated under the Securities Act of 1933, as amended. The Company will pay the agents a commission rate of up to 3.0% of the gross sales price per share sold, with H.C. Wainwright & Co., LLC being entitled to an additional 1.5% of the gross sales price per share sold, and has agreed to provide the agents with customary indemnification, contribution and reimbursement rights. The ATM Agreement contains customary representations and warranties and conditions to the sales pursuant thereto. The Company is not obligated to sell any shares of Common Stock under the ATM Agreement and may at any time suspend solicitation and offers thereunder. The offering of shares of Common Stock pursuant to the ATM Agreement will terminate upon the sale of all the shares subject to the ATM Agreement or upon the termination of the ATM Agreement by either the Company or the agents, as permitted therein.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	These unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and accounting principles generally accepted in the United States (“GAAP”) for interim reporting. Accordingly, certain notes or other information that are normally required by GAAP have been omitted if they substantially duplicate the disclosures contained in the Company’s annual audited consolidated financial statements. Accordingly, the unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and related notes as of and for the year ended December 31, 2021, included in the Company's Annual Report on Form 10-K (“Annual Report on Form 10-K”). Results of operations reported for interim periods are not necessarily indicative of results for the entire year. In the opinion of management, the Company has made all adjustments necessary to present fairly its condensed consolidated financial statements for the periods presented. Such adjustments are of a normal, recurring nature . The Company’s financial statements have been prepared under the assumption that the Company will continue as a going concern, which contemplates the realization of assets and discharge of liabilities in the normal course of business for the foreseeable future.
Consolidation	The accompanying unaudited condensed consolidated financial statements include the results of the Company and its subsidiaries. The Company’s comprehensive loss is the same as its net loss.
Material changes	o material changes have occurred with respect to the Company’s significant accounting policies disclosed in Note 2 of the Notes to the Consolidated Financial Statements in Part II, Item 8 of the Annual Report on Form 10-K.
COVID-19	Macroeconomic Conditions and COVID-19 Current adverse macroeconomic conditions, including but not limited to heightened inflation, slower growth or recession, changes to fiscal and monetary policy, higher interest rates, currency fluctuations, challenges in the supply chain and the Ukraine war, could negatively affect our business. In addition, COVID-19 virus variants, infection rates and regulations continue to fluctuate in various regions of the world and there are ongoing global impacts resulting from the pandemic, including challenges and increases in costs for logistics and supply chains, and intermittent supplier delays. Ultimately, the Company cannot predict the impact of current or worsening macroeconomic conditions or the ongoing impacts of the COVID-19 pandemic. The Company continues to monitor macroeconomic conditions to remain flexible and to optimize and evolve its business as appropriate. To do this, the Company is working on projecting demand and infrastructure requirements globally and deploying its workforce and other resources accordingly.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company applies the provisions of ASC 820, Fair Value Measurements and Disclosures , which provides a single authoritative definition of fair value, sets out a framework for measuring fair value and expands on required disclosures about fair value measurement. Fair value represents the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company uses the following hierarchy in measuring the fair value of the Company’s assets and liabilities, focusing on the most observable inputs when available: • Level 1 Quoted prices in active markets for identical assets or liabilities. • Level 2 Observable inputs other than Level 1 quoted prices, such as quoted prices for similar assets and liabilities in active markets, quoted prices in markets that are not active for identical or similar assets and liabilities, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 Valuations are based on inputs that are unobservable and significant to the overall fair value measurement of the assets or liabilities. Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The following table summarizes the Company’s assets and liabilities that are measured at fair value on a recurring basis as required by ASC 820, by level, within the fair value hierarchy as of June 30, 2022 and December 31, 2021 (in thousands): June 30, 2022 Fair Value Level 1 Level 2 Level 3 Assets Money Market Funds $ 47,577 $ 47,577 $ — $ — Liability Contingent earnout shares liability $ 4,121 $ — $ — $ 4,121 December 31, 2021 Fair Value Level 1 Level 2 Level 3 Assets Money Market Funds $ 227,492 $ 227,492 $ — $ — Liability Contingent earnout shares liability $ 29,057 $ — $ — $ 29,057 The Company has a contingent obligation to issue 15.0 million shares of Common Stock to certain stockholders and employees upon the achievement of certain market share price milestones within specified periods (the “Earnout Shares”). Upon the occurrence of a bankruptcy or liquidation, any unissued Earnout Shares would be fully issued regardless of whether the share price target has been met. The Earnout Shares are accounted for as a contingent liability and its fair value is determined using Level 3 inputs, since estimating the fair value of this contingent liability requires the use of significant and subjective inputs that may and are likely to change over the duration of the liability with related changes in internal and external market factors. The tranches were valued using the Monte Carlo simulation of the stock prices based on historical and implied market volatility of the Company. Following is a summary of the change in fair value of contingent earnout shares liability for the six months ended June 30, 2022 (in thousands). Earnout Shares Liability Beginning fair value at December 31, 2021 $ 29,057 Change in fair value during the period (24,936) Ending fair value at June 30, 2022 $ 4,121
Recently Issued Accounting Pronouncements Not Yet Adopted	Recently Issued Accounting Pronouncements Adopted In November 2021, the FASB issued ASU No. 2021-10

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis	The following table summarizes the Company’s assets and liabilities that are measured at fair value on a recurring basis as required by ASC 820, by level, within the fair value hierarchy as of June 30, 2022 and December 31, 2021 (in thousands): June 30, 2022 Fair Value Level 1 Level 2 Level 3 Assets Money Market Funds $ 47,577 $ 47,577 $ — $ — Liability Contingent earnout shares liability $ 4,121 $ — $ — $ 4,121 December 31, 2021 Fair Value Level 1 Level 2 Level 3 Assets Money Market Funds $ 227,492 $ 227,492 $ — $ — Liability Contingent earnout shares liability $ 29,057 $ — $ — $ 29,057
Summary of the change in fair value of contingent earnout shares liability	Following is a summary of the change in fair value of contingent earnout shares liability for the six months ended June 30, 2022 (in thousands). Earnout Shares Liability Beginning fair value at December 31, 2021 $ 29,057 Change in fair value during the period (24,936) Ending fair value at June 30, 2022 $ 4,121

Prepaids and other current as_2

Prepaids and other current assets (Tables)	6 Months Ended
	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of prepaids and other current assets	Prepaids and other current assets consisted of the following (in thousands): June 30, 2022 December 31, 2021 Receivable from VDL Nedcar $ — $ 30,440 Deferred battery supplier cost 18,300 18,300 Short term deposits 2,679 7,030 Prepaid expense 10,453 4,865 Other current assets 1,807 3,179 Prepaids and other current assets $ 33,239 $ 63,814

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment, Net [Abstract]
Schedule of property and equipment, net	Property and equipment, net consisted of the following (in thousands): June 30, December 31, Machinery and equipment $ 24,360 $ 18,040 Computer hardware 7,486 6,161 Computer software 9,045 7,837 Vehicles 325 267 Furniture and fixtures 742 742 Leasehold improvements 14,952 14,939 Construction-in-progress 246,219 176,162 303,129 224,148 Less: Accumulated depreciation (27,404) (21,834) Property and equipment, net $ 275,725 $ 202,314

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2022
Accrued Liabilities, Current [Abstract]
Schedule of accrued expenses and other current liabilities	Accrued expenses consisted of the following (in thousands): June 30, December 31, Accrued property and equipment purchases $ 23,970 $ 34,375 Accrued research and development costs 29,976 23,994 Accrued professional fees 18,172 9,239 Accrued battery supplier costs — 10,000 Other accrued expenses 13,971 6,317 Total accrued expenses $ 86,089 $ 83,925

Operating Leases (Tables)

Operating Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Lessee, operating lease, liability, maturity	Maturities of the Company’s operating lease liabilities at June 30, 2022 were as follows (in thousands): Operating 2022 (excluding the six months ended June 30, 2022) $ 1,732 2023 3,548 2024 3,655 2025 3,764 2026 3,577 Thereafter 21,967 Total lease payments 38,243 Less: imputed interest (1) 11,266 Present value of operating lease liabilities 26,977 Current portion of operating lease liabilities (2) 1,659 Operating lease liabilities, net of current portion $ 25,318 __________________________ (1) Calculated using the incremental borrowing rate. (2) Included within Accrued expenses and other current liabilities line item on the Condensed Consolidated Balance Sheet.

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Share-based Payment Arrangement [Abstract]
Summary of stock-based compensation expense by line item	The following table summarizes the Company’s stock-based compensation expense by line item for the three and six months ended period presented in the condensed consolidated statements of operations (in millions): Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Research and development $ 8.2 $ 8.5 $ 15.2 $ 15.6 Selling, general and administrative 12.6 17.0 26.3 55.0 Total $ 20.8 $ 25.5 $ 41.5 $ 70.6

Net Loss per Share (Tables)

Net Loss per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of antidilutive securities excluded from computation of earnings per share	The following table presents the potential shares that were excluded from the computation of diluted net loss per share, because their effect was anti-dilutive as follows (in thousands): June 30, 2022 2021 Early exercise of unvested stock options 1,277 3,965 Options to purchase common stock 221 297 Restricted common stock shares 3,197 5,944 Restricted and performance stock units 35,498 15,808

Organization and Business (Deta

Organization and Business (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended	6 Months Ended
	May 10, 2022	Jun. 30, 2022	Jun. 30, 2022	Jul. 20, 2022
SEPA
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Cash proceeds		$ 33,083
PIPE
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Cash proceeds	$ 50,000	$ 50,000
Common stock | SEPA
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Issuance of shares - SEPA and PIPE (in shares)		14,236
Cash proceeds		$ 1
Common stock | PIPE
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Issuance of shares - SEPA and PIPE (in shares)	13,700	13,699
Cash proceeds		$ 1
Common stock
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Share price (in dollars per share)	$ 3.65
Yorkville
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Agreement to sell shares, value	$ 250,000
Agreement period (in months)	36 months
Yorkville | SEPA
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Cash proceeds		$ 32,500	$ 32,500
Yorkville | Common stock | SEPA
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Issuance of shares - SEPA and PIPE (in shares)		14,200	14,200
Yorkville | Subsequent Event
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Share price (in dollars per share)				$ 1
Yorkville | Common stock
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Share purchase price, percent of market price	97.50%
Yorkville | Common stock | Subsequent Event
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Share price (in dollars per share)				$ 1

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands, shares in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash flow from operating activities	$ (237,565)	$ (108,818)
Business Combination | Contingent earnout shares liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of shares issued or issuable (in shares)	15

Basis of Presentation and Sum_5

Basis of Presentation and Summary of Significant Accounting Policies - Fair Value, Contingent Liability (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Contingent earnout shares liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability	$ 4,121	$ 29,057
Fair Value, Recurring | Contingent earnout shares liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability	4,121	29,057
Fair Value, Recurring | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	47,577	227,492
Fair Value, Recurring | Level 1 | Contingent earnout shares liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability	0	0
Fair Value, Recurring | Level 1 | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	47,577	227,492
Fair Value, Recurring | Level 2 | Contingent earnout shares liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability	0	0
Fair Value, Recurring | Level 2 | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Fair Value, Recurring | Level 3 | Contingent earnout shares liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability	4,121	29,057
Fair Value, Recurring | Level 3 | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 0	$ 0

Basis of Presentation and Sum_6

Basis of Presentation and Summary of Significant Accounting Policies - Contingent Earnout Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Change in fair value during the period	$ (9,471)	$ 8,157	$ (24,936)	$ (75,402)
Contingent earnout shares liability
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Liabilities, beginning fair value			29,057
Change in fair value during the period			(24,936)
Liabilities, ending fair value	$ 4,121		$ 4,121

Prepaids and other current as_3

Prepaids and other current assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Receivable from VDL Nedcar	$ 0	$ 30,440
Deferred battery supplier cost	18,300	18,300
Short term deposits	2,679	7,030
Prepaid expense	10,453	4,865
Other current assets	1,807	3,179
Prepaids and other current assets	$ 33,239	$ 63,814

Property and Equipment, net (De

Property and Equipment, net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 303,129		$ 303,129		$ 224,148
Less: Accumulated depreciation	(27,404)		(27,404)		(21,834)
Property and equipment, net	275,725		275,725		202,314
Depreciation	2,892	$ 2,083	5,570	$ 4,207
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	24,360		24,360		18,040
Computer hardware
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,486		7,486		6,161
Computer software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	9,045		9,045		7,837
Vehicles
Property, Plant and Equipment [Line Items]
Property and equipment, gross	325		325		267
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	742		742		742
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	14,952		14,952		14,939
Construction-in-progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 246,219		$ 246,219		$ 176,162

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accrued Liabilities, Current [Abstract]
Accrued property and equipment purchases	$ 23,970	$ 34,375
Accrued research and development costs	29,976	23,994
Accrued professional fees	18,172	9,239
Accrued battery supplier costs	0	10,000
Other accrued expenses	13,971	6,317
Total accrued expenses	$ 86,089	$ 83,925

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	May 09, 2022
DD Global Holdings Ltd | Pending Litigation
Long-term Purchase Commitment [Line Items]
Estimated recover of Section 16(b) profits		$ 61.1
Arkansas Lease
Long-term Purchase Commitment [Line Items]
Standby letter of credit In restricted cash	$ 9.5
Arkansas Lease | Letter of Credit
Long-term Purchase Commitment [Line Items]
Debt instrument, term (in years)	5 years

Operating Leases (Details)

Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022	Dec. 31, 2021	Oct. 20, 2021
Lessee, Lease, Description [Line Items]
Incremental borrowing rate, percent			7.04%
Operating lease right-of-use assets	$ 26,321		$ 26,321			$ 14,228
Operating lease liability	26,977		26,977			14,600
Current portion of operating lease liabilities	$ 1,659		$ 1,659			$ 800
Weighted average remaining lease term (in years)	9 years 10 months 24 days		9 years 10 months 24 days			10 years 8 months 12 days
Operating lease, not yet commenced, lease term (in years)	11 years		11 years
Operating lease, not yet commenced, renewal term (in years)							5 years
Lease not yet commenced, operating lease liability to be paid	$ 12,700		$ 12,700
Investor
Lessee, Lease, Description [Line Items]
Related party transaction amount	$ 200	$ 600	$ 300	$ 1,100
Industrialization Facility in Bentonville, Arkansas
Lessee, Lease, Description [Line Items]
Lease term (in years)					10 years
Operating lease renewal term (in years)	10 years		10 years

Operating Leases - Maturity (De

Operating Leases - Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Maturities of operating lease liabilities
2022 (excluding the six months ended June 30, 2022)	$ 1,732
2023	3,548
2024	3,655
2025	3,764
2026	3,577
Thereafter	21,967
Total lease payments	38,243
Less: imputed interest	11,266
Present value of operating lease liabilities	26,977	$ 14,600
Current portion of operating lease liabilities	1,659	800
Operating lease liabilities, net of current portion	$ 25,318	$ 13,826
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ / shares in Units, shares in Thousands		3 Months Ended		6 Months Ended
	May 10, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Common stock
Related Party Transaction [Line Items]
Share price (in dollars per share)	$ 3.65
PIPE
Related Party Transaction [Line Items]
Issuance of shares	$ 50,000,000	$ 50,000,000
Common stock | PIPE
Related Party Transaction [Line Items]
Issuance of shares - SEPA and PIPE (in shares)	13,700	13,699
Issuance of shares		$ 1,000
Board of Directors Chairman | Related Party Aircraft Expense Reimbursement
Related Party Transaction [Line Items]
Related party transaction amount		200,000	$ 400,000	$ 600,000	$ 1,000,000
Board of Directors Chairman | Shared Services Support
Related Party Transaction [Line Items]
Related party transaction amount		$ 300,000	$ 0	$ 500,000	$ 0

Stock-based Compensation - Narr

Stock-based Compensation - Narrative (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 21, 2020	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2020
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Share-based compensation expense		$ 20.8	$ 25.5	$ 41.5	$ 70.6
Total unrecognized compensation cost related to options		$ 115.2		$ 115.2
Restricted Stock Units (RSUs)
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Granted (in shares)		8,932,997		11,743,252
Performance-Based Restricted Stock Units
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Granted (in shares)		4,245,852		4,245,852
Total aggregate grant date fair value		$ 13.8		$ 13.8
Share-based compensation expense		1.6		$ 1.6
Performance-Based Restricted Stock Units | Chief Executive Officer
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Granted (in shares)				0
Share-based compensation expense		4.4		$ 9.1
Employee Stock | 2020 Employee Stock Purchase Plan
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Share-based compensation expense		0.5		0.9
Purchase periods	3 months
Shares available in ESPP (in shares)						4,034,783
Term of share increase to ESPP (in years)						10 years
Percent increase in shares	1%
Shares Contributed to ESPP (in shares)						8,069,566
Employee withholding contributions for share based compensation		$ 0.8		$ 2

Stock-based Compensation - Sche

Stock-based Compensation - Schedule of stock-based compensation expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 20.8	$ 25.5	$ 41.5	$ 70.6
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	8.2	8.5	15.2	15.6
Selling, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 12.6	$ 17	$ 26.3	$ 55

Equity (Details)

Equity (Details) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended	6 Months Ended
	May 10, 2022	Jun. 30, 2022	Jun. 30, 2022
SEPA
Class of Stock [Line Items]
Issuance of shares		$ 33,083
Common stock | SEPA
Class of Stock [Line Items]
Issuance of shares - SEPA and PIPE (in shares)		14,236
Issuance of shares		$ 1
Yorkville
Class of Stock [Line Items]
Agreement to sell shares, value	$ 250,000
Agreement period (in months)	36 months
Yorkville | SEPA
Class of Stock [Line Items]
Issuance of shares		$ 32,500	$ 32,500
Yorkville | Common stock | SEPA
Class of Stock [Line Items]
Issuance of shares - SEPA and PIPE (in shares)		14,200	14,200

Warrants (Details)

Warrants (Details) $ / shares in Units, $ in Thousands			3 Months Ended	6 Months Ended
	Feb. 22, 2022 USD ($) tranche $ / shares	Feb. 17, 2022 shares	Jun. 30, 2022 $ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 USD ($)
Class of Warrant or Right [Line Items]
Shares of common stock per warrant (shares per warrant)			1	1
Warrant exercise price (in dollars per share) | $ / shares			$ 11.50	$ 11.50
Proceeds from exercise of public warrants | $				$ 0	$ 6,867
Number of tranches (in tranches) | tranche	3
Manufacturing Services Agreement With VDL Nedcar
Class of Warrant or Right [Line Items]
Payment to purchase VDL Nedcar | $	$ 8,400
Warrant | VDL Nedcar
Class of Warrant or Right [Line Items]
Number of shares issued or issuable (in shares)		972,222
Warrant | VDL Nedcar | Minimum
Class of Warrant or Right [Line Items]
Share price (in dollars per share) | $ / shares	$ 18
Warrant | VDL Nedcar | Maximum
Class of Warrant or Right [Line Items]
Share price (in dollars per share) | $ / shares	$ 40
Public Warrants
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)			23,755,069	23,755,069
Public Warrants | Warrant
Class of Warrant or Right [Line Items]
Warrants exercised in the period (in shares)			0	0

Net Loss per Share (Details)

Net Loss per Share (Details) - shares shares in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Early exercise of unvested stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	1,277	3,965
Options to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	221	297
Restricted common stock shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	3,197	5,944
Restricted and performance stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	35,498	15,808

Income Taxes (Details)

Income Taxes (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income tax expense	$ 0	$ 0

Subsequent Events (Details)

Subsequent Events (Details) $ / shares in Units, shares in Millions, $ in Millions	Aug. 08, 2022 USD ($)	Jul. 22, 2022 USD ($)	Jul. 20, 2022 USD ($) $ / shares	Jul. 11, 2022 USD ($) electricVehicle $ / shares shares	May 10, 2022 $ / shares	Jun. 30, 2022 $ / shares
Subsequent Event [Line Items]
Warrant exercise price (in dollars per share) | $ / shares						$ 11.50
Common stock
Subsequent Event [Line Items]
Share price (in dollars per share) | $ / shares					$ 3.65
Warrant Agreement | Subsequent Event
Subsequent Event [Line Items]
Warrants outstanding (in shares) | shares				61.2
Warrant exercise price (in dollars per share) | $ / shares				$ 2.15
Vested of warrants				10 years
Warrants vested (in shares) | shares				15.3
Yorkville
Subsequent Event [Line Items]
Pre-paid advance agreement, annual rate					5%
Pre-paid advance agreement, increase upon to default					15%
Yorkville | Common stock
Subsequent Event [Line Items]
Exchange cap, maximum ownership percent					19.90%
Yorkville | Subsequent Event
Subsequent Event [Line Items]
Pre-paid advance agreement, in cash advances			$ 50
Pre-paid advance agreement, in commitment amount			$ 300
Share price (in dollars per share) | $ / shares			$ 1
First pre-paid advance		$ 49.5
Outstanding under prior pre-paid advances		$ 10
Yorkville | Subsequent Event | Common stock
Subsequent Event [Line Items]
Share price (in dollars per share) | $ / shares			$ 1
Walmart Inc | Subsequent Event
Subsequent Event [Line Items]
Number of electric vehicles | electricVehicle				4,500
Number of electric vehicles, additions | electricVehicle				5,500
Walmart Inc | Warrant Agreement | Subsequent Event
Subsequent Event [Line Items]
Revenue from related affiliates				$ 300
Evercore Group, L.L.C. and H.C. Wainwright & Co., LLC | Subsequent Event | At-the-Market Offering Agreement
Subsequent Event [Line Items]
Sale of stock consideration	$ 200