*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).
Shares of Pandora surged Monday after the satellite radio company announced an all-stock deal to acquire the streaming service. Sirius made a $480 million investment in the company last year, taking about a 15 percent stake in it. BTIG analyst Rich Greenfield says the deal is probably bittersweet for Pandora which "really failed as a public company."
The blockchain has made its way into a slew of industries. Next at bat ー the sports world. The Los Angeles Dodgers are moving away from traditional promotions and have begun using crypto tokens to give away digital bobbleheads to fans. Ralph Esquibel, VP of information technology for the team, said this is the first giveaway of its kind and could lead to more experiments with cryptocurrencies.
GSTV, which delivers content across thousands of fuel retailers in the U.S., reaches 75 million unique visitors and hopes to reach one in two adults in the next few years. Sean McCaffrey, president and CEO of GSTV, said that the scale of the company is increasing daily.
GSTV recently partner with Cheddar to distribute content through its outlets.
The Canadian cannabis company has seen exponential growth with shares doubling since just mid-August, when Corona-maker Constellation Brands upped its stake with a $4 billion investment. CEO Bruce Linton said interest is now coming from pharma giants, which will rely on companies like Canopy for research, patented technology, and formulas.
Facebook plans to finally unveil its Portal video chat device for the home next week, Cheddar has learned. The device will function similarly to an Amazon Echo Show with social features and come in two screen sizes, according to people familiar the matter. The wide-angle video camera will use artificial intelligence to recognize people in the frame and follow them as they move throughout a room.
Amazon will get a lot more than 3,000 brick-and-mortar stores when it builds out its cashierless Amazon Go chain.
The tech giant announced a slew of new products and software for Alexa-enabled homes, betting that the voice assistant becomes the entryway into the company's ecosystem for many households. Among the new Echo devices: a microwave, a wall clock, and the Echo Auto.
Thursday's IPO, with shares priced at $23 near the high end of its range, implied a valuation of nearly $1.8 billion. By midday, the stock was trading over $37. Julia Hartz, Eventbrite CEO, said the company's relentless focus on the "mid-market" protects it from competition from Ticketmaster or Facebook.
What does crypto have to do with journalism? Civil Media thinks it can be the answer to some of the field's woes, from eroding trust to a collapsing business model. As CEO Matthew Iles explained, the start-up's token sale can help build an infrastructure that will serve as a new economy for newsrooms.
Eventbrite, the online "do-it-yourself" ticketing agency, went public on the NYSE Thursday with shares priced at $23. By midday though, the stock, trading under the ticker EB, was at $37. The company's Chief Brand Officer Brian Irving joined Cheddar to discuss the debut.
