Tesla Sales Surge, Credit-Reporting Bureaus Slide, Berkshire Hathaway Falls
Oct 2, 2025
Tesla surprised the market with a record quarter of 497,099 vehicle deliveries, though shares dipped amid investor skepticism. The creator of the FICO score is now selling credit scores directly to mortgage resellers, impacting credit bureaus like TransUnion and Equifax, which saw significant drops in stock value. Meanwhile, Berkshire Hathaway's shares fell after Occidental Petroleum hinted at stepping back from major deals. Overall, it's a day of mixed fortunes in the market.
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question_answer ANECDOTE
A Dull Market Day With Tesla Drama
Alex Semenova frames the day as dull but says Tesla still gives them something to talk about.
She notes investors are cautious despite the strong delivery numbers because of regulatory and sales-expectation risks.
insights INSIGHT
Tesla's Surprise Sales Spike
Tesla delivered 497,099 vehicles worldwide, a 7.4% increase year-over-year driven by Model Y and Model 3 demand.
Investors still worry about legislative changes and expectations of a second consecutive sales decline.
insights INSIGHT
FICO Cuts Out Credit Bureaus
FICO will sell credit scores directly to mortgage resellers, reducing reliance on TransUnion and Equifax.
The move increases price transparency and could cut costs for mortgage lenders and homebuyers.
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- Tesla (TSLA) reported a surprise record quarter of vehicle sales as US consumers accelerated electric-car purchases before federal tax credits expired. The company delivered 497,099 vehicles worldwide, 7.4% more than a year ago. While that total far exceeds the roughly 439,600 average analyst estimate compiled by Bloomberg, Tesla’s shares slumped Thursday following a record monthly gain in market capitalization. Investors recently looked past Tesla’s first-half sales weakness to Musk’s promises of growth in areas such as driverless vehicles, artificial intelligence and robotics. The carmaker’s shares soared 33% in September, recouping early-year losses and adding $401.9 billion of market value. The stock gave back some of those gains Thursday, falling as much as 3.2% as of noon New York time.
- Credit-reporting bureaus like TransUnion (TRU) and Equixfax (EFX) each dropped at least 12% during trading Thursday on word that Fair Isaac, better known as FICO, will now sell credit scores directly to mortgage resellers. Through a new program, mortgage resellers will be able to calculate and distribute credit scores directly to customers, reducing their reliance on credit bureaus. This will bring more price transparency and savings for mortgage lenders, mortgage brokers and other industry participants, FICO said in a statement.
- Berkshire Hathaway shares dipped on word that Occidental Petroleum Corp. is done with monster dealmaking after reaching its asset-sales target with the $9.7 billion chemical-unit sale to Berkshire Hathaway Inc. “I believe we are done with the big deals,” Occidental Chief Executive Officer Vicki Hollub said in an interview Thursday. “This pretty much gets us where we need to be.” Following the Texas oil driller’s transformational purchase of CrownRock LP for $10.8 billion in August 2024, Hollub targeted as much as $6 billion in asset sales to whittle away debt. As of early August, the company already was roughly two-thirds of the way to that goal.
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