*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).
Welcome to Apple Stocks Weekly by Cheddar, when we count down the top stories, from Wall Street to Silicon Valley, that moved markets and had investors, business leaders, and entrepreneurs talking this week.
Apple shares plunged after the company reported mixed results in its most recent quarter. Georgia's race for governor is getting heated as midterms are just days away. And Katie Harbath, global politics and government outreach director at Facebook, tells Cheddar how the social media network is cracking down on misinformation ahead of the election.
Apple shares continued to tumble on Friday, as investors and analysts processed the tech giant's announcement it would no longer publish individual iPhone, iPad or Mac unit sales in future earnings reports. Apple executives have insisted the metrics are no longer relevant to investors ー but some analysts don't see it that way.
We are heading towards a buyers market, and technology is making it easier to sell your current home to buy a new one. Quinn Hawkins, Head of Redfin Now, breaks down what is iBuying and how it works.
Next year may signal a more widespread adoption of crypto among institutional investors ー if the current momentum continues, that is. Grayscale, a veteran digital currency investment firm, saw record inflows, $330 million in the first three quarters of 2018 ー most of which came from institutional investors including hedge funds, endowments and pensions, according to the managing director.
George Schutlze, founder of Schultze Asset Management, is a former Tesla short-seller who covered on the day Tesla CEO Elon Musk released controversial "funding secured" tweet. That didn't work out well for Schultze, who said he's considering a new short position based on the company's cash flow problems.
After months of damaging headlines and privacy mishaps, Facebook may be down, but it's not out ー especially not in the case of the U.S. midterms, according to the company's director of outreach. Katie Harbath, global politics and government outreach director at Facebook spoke with Cheddar's Hope King about fighting fake news from the company's "war room" in an exclusive interview.
Box CEO Aaron Levie told Cheddar that his company's structure -- lots of small, empowered teams -- has helped land it two-thirds of the Fortune 500 as customers.
Apple shares tumbled after the bell on Thursday, despite beating analyst estimates for its fiscal fourth-quarter earnings and revenue. Cheddar breaks down the results.
Google employees across the globe staged a walkout in protest of the company's mishandling of sexual harassment. Cheddar's Kristen Scholer was at the New York office walkout and spoke to employees who participated.
