*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).
Apple seems to have avoided the fate that sent many tech stocks plunging last week, with its earnings report sending shares to all-time highs and bringing the company oh-so-close to the $1 trillion mark. Mike Murphy, Quartz Reporter, tells Cheddar how the company will eliminate lingering fears of a slowdown on iPhone sales.
These are the headlines you Need2Know.
The tech giant's pricier iPhones and growing services business helped it to beat earnings expectations for the latest quarter, sending shares up on Wednesday. If the stock hits $203.46, it'll become the first $1 trillion market cap company in the U.S.
Sara Hsu, Associate Professor of Economics at SUNY-New Paltz, knows the trade war will affect tech companies in both the United States and China, but it's Chinese firms like Alibaba and Tencent that will be most hit.
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Apple shares rose after-market after the company posted better than expected earnings and revenue for its latest quarter. The company sold fewer of its flagship iPhones but at a higher price, helping revenues top $53 billion. Sales from its services business, which includes its App Store, Apple Music, and iCloud rose 31 percent to $9.5 billion.
After losing $136 billion in market cap in less than a week, Facebook could look to its Instagram Stories platform to boost its slowing ad sales growth and improve its outlook, says Madison Malone Kircher, an associate editor at New York Magazine.
Senator Mark Warner of Virginia is leading the charge against big tech, but he may not accomplish much unless Democrats make major gains in midterm elections, according to Axios reporter David McCabe.
Morgan DeBaun, CEO of Blavity, a platform for black creativity, talks with Cheddar about a recent Series A funding worth about $6.5 million. DeBaun touches on the company's exponential growth and scaling with the help of Google and other digital platforms.
Natori Company's CEO Ken Natori sat down with Cheddar anchors for "Do Better With Cheddar" to discuss fashion retail in the age of Amazon's digital marketplace. Natori tells Cheddar his company has struck a healthy balance with the e-commerce giant.
