*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).
While the Dow took a major slide on Wednesday, Chinese electric car company NIO is surging for the second straight day. But can the Tesla rival compete with its American counterpart? Tamara Warren, co-host of Cheddar Rides, points out the company needs to start producing its own cars first.
Robinhood has built its own clearing system that will let it clear and settle transactions and custody assets for its now six million customers without using any third parties. The stock trading start-up expects Clearing by Robinhood, a two-year-old regulatory and engineering project, to provide a faster and cheaper offering for users. Co-CEO Vlad Tenev likened it to Apple building its own chips in-house or Amazon running and investing in its own fulfillment centers. Clearing, he said, is a foundational layer, but it impacts the end user experience.
With less than 10 days left until recreational marijuana is legal across Canada, Alyson Martin, co-founder of Cannabis Wire, explains how rollout will go. As for the future of legalization in the U.S., she says it's inevitable. "Young people might be the path to legalization," she said.
As Aston Martin stock stumbles in the days following its IPO, the British luxury automaker is not interested in expanding its potential market with less expensive "entry-level" cars. CMO Simon Sproule said the company is focused on new electric models and a forthcoming SUV. And they will be expensive.
The tech giant unveiled two new Pixel smartphones, a smart home assistant with a touchscreen, and its first-ever Pixel Slate Tablet. Hope King was at the launch event in New York to get a hands-on look at all the latest gadgets.
As VC funds shovel money into start-ups, they have noticeably stayed away from Juul, even as it exploded in growth and catapulted to become the most valuable vape brand. Erin Griffith, correspondent for the New York Times, said investors appear to be taking a moral stand, even as they simultaneously invest in other nicotine-delivery products.
SoundCloud announced Tuesday that it is expanding its "Premier" feature, which takes a focus on the scores of musicians who use the service to record and promote their work. CEO Kerry Trainor said this feature will allow artists to be directly monetized on the platform, and it will rival any process at other streaming services like Spotify or Apple Music.
Google's Pixel event kicks off on Tuesday in New York City. The company is expected to announce three new phones, with one costing upwards of $1,000. Russell Holly, Senior Editor at Android Central and Ajay Kumar, Mobile Analyst at PCMag, give their predictions for the future of Google's hardware ecosystem.
These are the headlines you Need 2 Know.
The Wall Street Journal reported on Monday that Google had exposed over 500,000 Google+ users' data and failed to alert authorities. The company ultimately said it would shut down the consumer version of the social network. Douglas MacMillan, the reporter who broke the story for the Journal, said Google's handling of the information is causing a lot of speculation about the tech giant's business practices.
