*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).
Gene Munster, managing partner at Loup Ventures and a long-time Tesla bull, says there's a one in three chance Musk can take Tesla private. A Tesla-leveraged buyout, Munster adds, is very achievable.
The e-commerce site Etsy is spending strategically on "performance marketing" to offer consumers a stronger connection with the site's 2 million creative sellers, says CFO Rachel Glaser.
These are the headlines you Need2Know.
Snap beat analyst expectations for revenue in the second quarter, earning $262 million. But the company's Snapchat app lost 3 million users, its first quarterly decline. The company also reported a $250 million investment from Saudi Prince Alwaleed bin Talal, a billionaire tech investor.
Galileo Russell, Founder of HyperChange TV and a bull investor on Tesla stock, believes Musk's motion to take Tesla private at $420 was a long time coming if one were to follow signs of Musk's discontent with public investors. Russell's reaction is full of excitement, but hopes he will not be forced to sell shares because he would alt to hold.
With big-money backing from nearly every major Hollywood studio, NewTV should scare the established streaming services, says Julian Roman, correspondent for MovieWeb. "It's going to be prime-quality entertainment from Hollywood's biggest producers," meant to be distributed on mobile devices, Roman says.
A 12-month moratorium on most new for-hire licenses would let the city study how the expansion of ride-hailing services affects traffic, and how the Council can ensure drivers earn a living wage, says Speaker Corey Johnson. Uber and Lyft have pushed back against rules they say would limit their growth.
After years of spreading incendiary conspiracy theories, the right-wing gadfly Alex Jones was kicked off Facebook, YouTube, Apple, and Spotify because recent lawsuits highlight the "real-life harm" of his rhetoric, says Axios media reporter Sara Fischer, and the tech platforms have established a new standard for acceptable speech online.
Tesla stock remains one of the most divisive on Wall Street.
On one side, there are the bulls who love CEO Elon Musk's clean energy vision. On the other, a legion of short-sellers who believe financial reality will eventually catch up with the company. Galileo Russell, founder of HyperChange TV, and Mark Spiegel, managing member of Stanphyl Capital, joined Cheddar to make their bull and bear arguments for Tesla.
The electric carmaker's second-quarter earnings report only widened the rift between the bulls, represented by Galileo Russel of HyperChange TV, who says Elon Musk is a visionary, and bears like Mark Spiegel of Stanphyl Capital who says the company's financials are inescapable.
