*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).
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, said he remains extremely bullish on Tesla, despite Elon Musk's recent behavior.
A day after a gunman killed two people and himself following a Florida e-sports tournament that was being broadcast live on Twitch, Axios's Sara Fischer says companies must address the violence on their platforms.
Elon Musk committed securities fraud and will be ousted as chief of Tesla, said Gabe Hoffman of Accipiter Capital Management, whose hedge fund counts Tesla as its biggest short position.
Arturs Ivanovs, founder of bond blockchain platform FIC Network, told Cheddar the World Bank's new bond issuance, built on Ethereum, is a sign that blockchain technology has become receptive to government institutions.
Tesla shares sunk as markets opened Monday, following CEO Elon Musk's announcement over the weekend that he would abandon his plan to take the company private.
The Apple and Google app stores are facing backlash for collecting so-called "taxes" for connecting consumers to apps. Rob Marvin, associate features editor at PC Mag, weighs in on the industry practice and its impact on tech giants.
Suzanne Loughlin, co-founder of risk management firm Firestorm Solutions, said many threats of violence start on social media, and the company works to monitor social feeds to prevent the next tragedy.
Many worry about the future of the car company if its outspoken and sometimes controversial CEO is not at the helm. Aaron Cole, managing editor of Motor Authority, says there's plenty of demand for electric vehicles no matter what, and if Musk stays with the company, Tesla still has a tough road ahead of it.
Lindsay Holden, CEO and Founder of Long Game, a savings account geared towards millennials, is looking to reward savers with cryptocurrency. She says the app allows consumers to participate in the crypto markets at no risk.
*Produced by Charles Goetz. Edited by Jake Bennett*
We're in Columbus, Ohio for the Call of Duty World League Championships. Check out our recap of the events, culminating with a win by Evil Geniuses!
