SES AI Corp (NYSE: SES) saw its share price plummet by 14.67% in the intraday trading session on Tuesday, following a 6.2% decline on Monday. The sharp sell-off comes ahead of the company's planned unveiling of a groundbreaking new AI-enhanced battery cell at the 2025 CES Show in Las Vegas next week.
The market appears apprehensive about SES AI's strategic move into developing an AI-powered battery technology for robotics and drone applications. While the company's "Molecular Universe" AI program could potentially provide a competitive edge in materials discovery, investors seem concerned about the resources required to bring this ambitious project to fruition, potentially diverting focus away from SES AI's existing priorities in electric vehicles and urban air mobility.
Analysts suggest that the market response indicates uncertainty regarding SES AI's strategic direction in the near term. As the company prepares to showcase its AI-enhanced battery technology, it will need to address investor concerns and provide clarity on how this new venture aligns with its overall goals and resource allocation plans.