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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Income Before Income Tax, Domestic and Foreign | Loss before taxes is comprised as follows:
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Domestic (Israel) | $ | (113,276) |  |  | $ | (107,889) |  |  | $ | (109,088) |
Foreign | 3,585 |  |  | (7,679) |  |  | 3,416 |
Total | $ | (109,691) |  |  | $ | (115,568) |  |  | $ | (105,672) |
Schedule of Deferred Tax Assets and Liabilities | The following table presents the significant components of the Company’s deferred tax assets and liabilities:
| December 31, 2024 |  | December 31, 2023
Deferred tax assets: |  |  |
Operating loss carryforward | $ | 73,665 |  |  | $ | 55,189 |
Share based compensation | 94,527 |  |  | 94,807 |
Research and development | 15,449 |  |  | 18,614 |
Accrued social benefits and other | 559 |  |  | 573 |
Other costs | 442 |  |  | 202 |
Operating lease liability | 4,085 |  |  | 4,348 |
Deferred tax asset before valuation allowance | $ | 188,727 |  |  | $ | 173,733 |
Valuation allowance | (182,851) |  |  | (164,848) |
Total deferred tax assets | $ | 5,876 |  |  | $ | 8,885 |
Property and equipment, net | (2,923) |  |  | (3,166) |
Operating lease right-of-use asset | (4,735) |  |  | (5,108) |
Deferred tax liabilities | $ | (7,658) |  |  | $ | (8,274) |
Net deferred taxes | $ | (1,782) |  |  | $ | 611 |
Schedule of Valuation Allowance | The net changes in the total valuation allowance for each of the years ended December 31, 2024 and 2023, are comprised as follows:
| December 31, 2024 |  | December 31, 2023
Opening balance | $ | 164,848 |  |  | $ | 144,444 |
Additions during the year | 18,003 |  |  | 20,404 |
Ending balance | $ | 182,851 |  |  | $ | 164,848 |
Schedule of Components of Income Tax Expense (Benefit) | Income taxes are comprised as follows:
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Current | $ | (330) |  |  | $ | (749) |  |  | $ | 1,748 |
Deferred | 2,393 |  |  | (611) |  |  | — |
| $ | 2,063 |  |  | $ | (1,360) |  |  | $ | 1,748 |
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Domestic | $ | 84 |  |  | $ | 92 |  |  | $ | 136 |
Foreign | 1,979 |  |  | (1,452) |  |  | 1,612 |
| $ | 2,063 |  |  | $ | (1,360) |  |  | $ | 1,748 |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the opening and closing amounts of total unrecognized tax benefits is as follows:
| December 31, 2024 |  | December 31, 2023
Opening balance | $ | 685 |  |  | $ | 1,726 |
Tax positions reversed in current year related to previous years | (685) |  |  | (1,315) |
Tax positions taken in current year | — |  |  | 240 |
Accrued interest | — |  |  | 34 |
Ending Balance | $ | — |  |  | $ | 685 |
Schedule of Operating Loss Carryforwards | As of December 31, 2024, the Company and its subsidiaries had net operating carry forward losses for tax purposes which may be carried forward and offset against taxable income in the future for an indefinite period.
Name of Subsidiary | Net Operating Loss Carryforwards
REE Automotive Ltd | $ | 316,718 |
REE Automotive UK Limited | $ | 3,228 |
REE Automotive USA Inc. | $ | 6 |
REE Automotive Japan K.K. | $ | 60 |

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