Investing.com -- Tesla Inc (NASDAQ:TSLA) reported fourth-quarter results on Wednesday that exceeded Wall Street estimates, signaling a pivot toward artificial intelligence even as its core automotive business faces sustained pressure. Management described 2025 as a transformative period that saw the company’s "transition from a hardware-centric business to a physical AI company." Capital expenditures remained high at $8.5 billion for the full year as the company scales its "Cortex" AI training clusters in Texas. Tesla, which has fallen from its perch as the world’s largest EV firm, ended the year with $44.1 billion in cash and investments. Investors now turn their attention to the upcoming production ramps of the Tesla Semi and Cybercab, both scheduled for the first half of 2026.