Stock Movers Tesla Gains, Fair Issac Corp Rises, Occidental Drops on Berkshire Deal On this episode of Stock Movers:
Oct 2, 2025
Tesla's shares surge thanks to unexpected growth in vehicle sales as consumers rush to beat tax credit deadlines. Fair Issac Corp's stock jumps after introducing a program that empowers mortgage lenders to distribute FICO scores directly to their customers. Meanwhile, Occidental's shares tumble following Warren Buffett's Berkshire Hathaway acquisition of its petrochemical division for nearly $10 billion, raising questions about the future for both companies. A thrilling dive into market trends and corporate strategies!
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Delivery Beat Masked Regional Weakness
- Tesla reported a surprise Q3 delivery beat likely driven by a U.S. rush before the $7,500 federal EV tax credit expired.
- Bloomberg Intelligence notes strength was U.S.-centric while Europe is weak and China sales remain flat.
Deliveries Are Only A Partial Signal
- Tesla's delivery update precedes its full earnings report due October 22 and raises questions about sales and revenue sustainability.
- The delivery number is a hint but not definitive for Tesla's broader financial outlook.
FICO Move Threatens Credit Bureaus
- Fair Isaac Corp surged after announcing lenders can calculate and send FICO scores directly to customers, threatening third-party score providers.
- The change drew praise from FHFA director Bill Palti and pressured Equifax and TransUnion shares.