Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
Five current and former Tesla employees say the company is prototyping its own "advanced lithium ion battery cells," CNBC reports.
Why it matters: Creating its own batteries could allow Tesla to "offer cheaper, higher-performance electric vehicles than it does today, without having to pay or share data and resources with outside vendors or partners," per CNBC. Tesla currently relies on Panasonic to develop its batteries.
Go deeper: Billion-dollar bets on electric vehicles await payoff