Stock Movers TransUnion Falls, Occidental Petroleum Drops, Tesla Gains on Deliveries
Oct 2, 2025
Shares of TransUnion plummet as FICO rolls out a new program enabling lenders to send scores directly to customers, boosting FICO's stock. Occidental Petroleum faces a decline after Berkshire Hathaway acquires its petrochemical business for $9.7 billion, leaving analysts underwhelmed. In contrast, Tesla celebrates a surprising surge in vehicle deliveries, totaling 497,000, as consumers rush to purchase electric cars before the expiration of federal tax credits.
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FICO Shifts Score Distribution Power
- FICO's new program lets mortgage lenders calculate and distribute FICO scores directly to customers, shifting control over score distribution.
- The move boosted FICO shares and pressured TransUnion and Equifax as distribution dynamics change.
Competition And Distribution Pressure Credit Bureaus
- VantageScore competition has pressured FICO previously, but the direct-distribution program represents a distinct competitive dynamic.
- Market participants reacted strongly, with FICO rallying and credit bureaus pulling back.
Occidental Sells Petrochemicals To Berkshire
- Occidental agreed to sell its petrochemical unit to Berkshire Hathaway for about $9.7 billion, a deal analysts call deleveraging.
- The sale came in below earlier expectations and knocked Occidental shares lower on the day.