Tesla (NASDAQ: TSLA) has disclosed their novel method for buying components for electric vehicles.

 Lithium, nickel, and cobalt are used in battery production and are sourced directly from mines as opposed to cell providers.

 As companies battle to secure those minerals for battery production to support the expansion of electric vehicles, this strategy will be essential.

Despite the fact that vendors provide the majority of Tesla's battery cells.

The majority of the raw materials used to create those batteries are mined.

Tesla is able to keep close ties with the suppliers of essential minerals thanks to the backing of this tactic.

 This aids in supply security and enables the business to regularly verify quality .

Instead of needing to rely on many midstream businesses, Tesla can interact directly in local contexts thanks .