*By Conor White*
The positive [news](https://cheddar.com/videos/tesla-stock-surges-after-q2-earnings-report) in Tesla's second quarter earnings report outweighed the negatives for most investors, sending shares up more than 12 percent to their highest level in a month.
The electric carmaker announced that Model 3 production is up, but it posted losses of more than $700 million.
Some analysts have fundamental doubts about Tesla's future.
"It's a story stock," said Mark Spiegel, managing member at Stanphyl Capital. "What you have here are: bulls who couldn't care less about balance sheets or profit and loss statements; and you've got bears, or as I would call them, realists, who care a lot about that kind of stuff."
Spiegel counts himself in the latter group. He said in an interview Thursday on Cheddar that Tesla didn't do nearly enough to assuage fears about its future ー and that doesn't even account for all the other car companies eager for a bigger slice of the electric vehicle industry.
"There's a massive amount of competition coming for this company," Speigel said. "Between the Jaguar that's out now and the Audi, Mercedes, and Porsche coming out next year, it's going to destroy Model S and X sales, and that's where \[Tesla's\] margin isーwhatever margin they have."
And even though [outspoken](https://cheddar.com/videos/will-elon-musk-behave-on-this-weeks-earnings-call) CEO Elon Musk behaved on this conference call, there's no telling what he will do next.
After reaching its production goal of 5,000 Model 3 cars per week, Tesla reports it now wants to churn out 10,000 per week, "as fast as we can."
Spiegel dismissed those numbers ー and Tesla more generally.
"They're a perennial over-promiser and under-deliverer," he said.
"The reason they keep putting out these aggressive numbers is it supports the stock, which is an absurd valuation. If Tesla were a normal car company losing this much money, the stock would be in the low single digits."
For more on this story, [click here](https://cheddar.com/videos/tesla-announces-biggest-loss-ever-but-shares-rally).
Incoming Intuit CEO Sasan Goodarzi, currently the company's EVP of small business, tells Cheddar that the software company plans to lean on its open platform and innovations in artificial intelligence to put more money in the pockets of its customers. "There is not enough we could do for our customers," Goodarzi said Tuesday.
Cheddar's Tanaya Macheel breaks down the crypto wallet firm Blockchain's newest ventures, including its giveaway of $125 million in tokens.
It's midterms day in America! After a whopping 36 million people voted early, many are predicting record voter turnout for this midterms election. Rapper Fat Joe joins Cheddar to talk about his efforts to get young voters to the polls as part of MTVs '+1 The Vote' campaign. And, we dig into reports that Amazon is splitting its second headquarters, also known as HQ2, between two different cities.
Alexis Ohanian and Garry Tan spoke with Cheddar's Alex Heath from the Web Summit in Lisbon, Portugal about what they both look at before seeding a company. It all comes down to software.
Data collection and analysis is an increasingly crowded field, but SurveyMonkey CEO Zander Lurie told Cheddar he isn't too concerned about industry upstarts ー especially not when he has General Data Protection Regulation compliance on his side.
Reports that Amazon may split its new headquarters between two locations is raising questions about the financial incentives offered by those cities bidding to become the new hub. “One of the questions that I’m left with following this reporting that there might be two cities instead of just one ... is whether this will change the incentives that some of the cities are offering in their draft plan,” Axios reporter Shannon Vavra told Cheddar Tuesday.
As Americans head to the polls for the 2018 midterm election, some are concerned about outside actors hacking voting systems, which would be different from the misinformation campaigns that proliferated on social media in 2016. Rob Marvin, associate features editor at PC Mag, explains the different levels of vulnerabilities.
Marcus is Goldman's two-year-old consumer division for savings and loans. Dustin Cohn, head of brand and marketing communications at Marcus, said that the products are designed for consumers who are leaving money on the table in terms of unclaimed interest.
The speculation about Amazon's new headquarters shifted on Monday from which city will be chosen to how many cities. The Wall Street Journal reported Monday that the Seattle-based company may split its new headquarters between two different cities, rather than picking just one.
Rumors are flying that Amazon has narrowed down its list of HQ2 contenders. The tech giant is reportedly looking closely at Crystal City, Virginia; Dallas, Texas; and New York City. Softbank CEO Masayoshi Son breaks his silence about the murder of Saudi journalist Jamal Khashoggi. Plus, former White House communications director Anthony Scaramucci joins Cheddar to talk Trump, miterms, and his new book.
