*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).
The newly-launched game uses AR to help fans immerse in the worlds of the hit AMC show even when new episodes aren't airing. Clayton Neuman, VP of games and entertainment at AMC Networks, told Cheddar, "Gaming is an ever-evolving field, and there is always going to be a place for more."
Days after Elon Musk and the Securities and Exchange Commission reached a settlement over securities fraud charges, Musk tweeted an insult directly at the SEC. This could reopen the suit and lead to further consequences for Musk, who's already agreed to step down as chairman and pay a $20 million fine.
VR may have trouble finding its foothold with the general public, but esports could give it new life. Frank Soqui, vice president and general manager for Intel's gaming division, said it is difficult to get virtual reality technology into the hands of everyone, but esports is making it more accessible.
Snap Inc. CEO Evan Spiegel has given Snapchat the directive of achieving full-year profitability in 2019 and has refocused the company around a new set of strategic goals, according to a recent memo sent to employees.
The professional gamer and Twitch streamer told Cheddar CEO Jon Steinberg that it's hard to get fans to follow you from game to game, no matter how big your following. The 31-year-old also championed the "shenanigans" of Fortnite maker Epic Games, which allowed him to ride a rocket launched by fellow esports hero Ninja ー a combination of words that aren't typically uttered in a traditional workplace.
Kids are increasingly using technology at earlier ages, raising concerns over how to protect them in an age of such frequent data breaches. Kurt Beidler, general manager of Amazon Kids and Family, said the company's family-centered privacy controls will let parents monitor and secure their kids' data.
Coinbase was the first cryptocurrency company to earn a billion-dollar valuation, and while prices are far from their all-time highs, the exchange is taking an opportunity to build and focus on its products. Cheddar's Tanaya Macheel visited the company's San Francisco headquarters to learn more about what's next.
Fintech companies are taking notice of the rapid growth in esports, and Quicken Loans has partnered with 100 Thieves, a League of Legends expansion team. Quicken CMO Casey Hurbis said this venture opened the company's eyes to the endless possibilities of esports and its personalities.
Bloomberg published a report on Thursday that the Chinese government placed microchips in Apple and Amazon servers to gain access to intellectual property and trade secrets. Both tech giants, chip maker Super Micro, and Beijing all strongly denied the report.
In the age of the internet, even comics have gone online.
Tapas Media works with over 34 thousand creators to bring their comics to life on its open platform. Chang Kim, CEO and founder of Tapas Media joins Cheddar to discuss how his site has reached 3 billion views.
