*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).
Grocery delivery has a new player in Los Angeles: Milk and Eggs. This service connects consumers with farmers and food producers, and the food is delivered straight from the source, made fresh for every order. Kenneth Wu, CEO and founder of Milk and Eggs, said that unlike Walmart and Amazon, his company is able to completely eliminate the grocery store.
The tech giant made its decision after reports that the data of about a half million users of Google+ had been exposed. The company reportedly chose not to disclose the bug for fear of repercussions. Google said there was no evidence the information was misused.
Acclaimed music producer, DJ, and entrepreneur Steve Aoki is dipping his toe into comic books. At New York Comic Con Aoki debuted 'Neon Future,' his comic debut.
With sites like Priceline, Kayak, and Travelocity helping consumers find cheaper flights in-the-moment, Hopper is going one step further, letting customers know when to wait to buy an airline ticket by predicting when prices will go down. With a new round of funding, Hopper is going all in on artificial intelligence technology, helping consumers find the cheapest flights possible, said Dakota Smith, the company's head of growth and business.
These are the headlines you Need 2 Know.
Facebook has announced Portal and Portal+, two video chat devices for the home that are geared towards video calling. Priced at $199 and $349, they feature A.I. technology that can automatically follow a person as they move throughout a room.
Elastic, a company that provides data services for Uber and Tinder, went public on the NYSE on Friday. The stock rose as much as 104 percent before settling at $70. CEO Shay Banon said he didn't take the company public in order to raise money but to mark the maturity of the company.
Elon Musk's infamous "funding secured" tweet spawned a now-settled SEC lawsuit, but will his latest "Shortseller Enrichment Commission" one open it back up? Elizabeth Lopatto, deputy editor at The Verge, said the Tesla CEO doesn't seem to want to give up his Twitter fingers just yet, but that could hurt the company in the long run.
If Nike's Colin Kaepernick ad taught us anything, it might have been that ads are getting more political. And Stacy Minero, Twitter's head of content strategy, said one of the reasons the ads get such traction on the platform is that "Twitter has the most valuable audience when they're most receptive."
Snap’s Vice President of Marketing, Steve LaBella, is leaving the company, Cheddar has learned. His departure comes as CEO Evan Spiegel has tasked the company with developing a new marketing and communications strategy to help reignite growth.
