*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).
Spotify is set to report earnings on Thursday, and Rich Greenfield, Media and Tech Analyst at BTIG, tells Cheddar that now is the time to invest in the music-streaming service.
Cheddar has learned that the company's VP of Hardware has left the company after disappointing sales of its Spectacles augmented reality glasses. The devices have lost Snap $40 million.
These are the headlines you Need2Know.
Facebook has suspended analytics firm Crimson Hexagon for allegedly mishandling user data. The Boston-based company has also been banned from the site for possible ties to a Kremlin-based nonprofit and the U.S. government. Deputy Tech editor at [Mashable Michael Nuñez explains why users should be concerned.](https://mashable.com/2018/07/20/facebook-suspends-crimson-hexagon/)
The electric carmaker reportedly wrote to suppliers for refunds for purchases dating back to 2016, an unusual move for the auto industry. Tesla has been struggling to ramp up production of its mass-market Model 3 car, which is crucial to helping the company turn cash flow positive. Cheddar's Tim Stenovec and Kristen Scholer break down the details.
Market research firm SuperData estimates the uber-popular game has brought in $1 billion in revenue from in-app purchases, with gamers buying add-ons purely for cosmetics. "It does not make you have a better gun, it does not give you any advantage in terms of where you land on the map, it doesn't give you any special powers," says Eli Blumenthal, digital editor at USA Today.
The superhero franchise will launch its first virtual reality video game on July 26. The game, says Bill Rosemann, executive creative director at Marvel Games, will be a fully-immersive experience. "It unleashes that fantasy, that ultimate fantasy of being the Marvel character," he tells Cheddar. "You don't just look like Captain Marvel or Captain America. You have their powers."
Dan Neil, Automotive Critic at the Wall Street Journal, got the first test drive of the high-performance version of Tesla's Model 3. He says the company has at least a five-year head start on competitors in metrics like software, batteries, and packaging.
The gaming industry is known to be skewed towards boys and men. Laila Shabir, CEO and founder of Girls Make Games, is trying to change that through three-week summer camps for young girls. "Being represented in a medium like games...is extremely important," says Shabir.
The actor, comedian, and activist created an augmented reality app called "House of Cats," which features an animated, satirical version of the president called "Trump-y Cat." A portion of the proceeds will go to support refugees. "We are going to counter his hostility with support," Takei tells Cheddar.
