Tesla Delivers Beat But Stock Dips, Buffett Expands Occidental Position
Update: 2025-10-02
Description
Tesla reported strong global deliveries amid the expiration of the $7,500 EV tax credit, yet shares fell 4% in a classic "buy the rumor, sell the news" scenario. The stock bounced off its 10-day moving average at $438.10, potentially creating an opportunity for short-term call options. Warren Buffett, already a major Occidental Petroleum (OXY) shareholder, purchased the company's petrochemical unit. Surprisingly, OXY shares declined despite the asset sale, which management intends to use for share buybacks. Fair Isaac (FICO) is disrupting credit reporting by providing scores directly to lenders, bypassing traditional agencies like Equifax and TransUnion, whose shares weakened on the news.
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