*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).
Cheddar’s Alex Heath caught up with industry heavyweights at the 2018 Allen & Co. conference in Sun Valley, Idaho — an event commonly referred to "summer camp for billionaires." The hot merger landscape in the media industry was front-and-center, with Comcast and Disney fighting over the future of Rupert Murdoch's 21st Century Fox empire.
The streaming service will use the fresh capital for "a bigger marketing push," says CEO Andrew McCollum. The company also launched on Apple TV and Amazon Fire TV on Tuesday in an attempt to bring the service in front of more users.
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The partnership benefits both companies as the scooter wars begin to heat up. Lime likely chose Uber over other ride-hailing companies because "Uber's got a much deeper geographic penetration, particularly internationally," says Dan Primack, business editor at Axios.
The company, in partnership with Servco Pacific, launched the app Hui on Tuesday in Honolulu, Hawaii, with plans to open in other locations internationally. Hui enables users to choose from a fleet of Toyota and Lexus cars to rent out by the hour or for the day.
The company's U.S. Chief Security Officer Andy Purdy says there is no evidence to back up the FCC's claims that Huawei is a national security threat. “There is no indication we’ve done any improper things on behalf of the Chinese government."
A study finds male political reporters in Washington, D.C., retweet other men more than women. “Men and women are operating in gender echo chambers in Washington on Twitter,” says Nikki Usher, the lead author of the study.
The Chinese smartphone giant couldn’t live up to the hype in its Hong Kong market debut, with shares down more than a percent. “Investors are really confused about whether to position this company as a hardware company or just a services company,” says Tarun Pathak, a telecom analyst at Counterpoint Research.
The platform aggregates top stories through high-profile curators, which increases the "chance of bringing in the best content that's obviously not fake," says CEO Ian Myers. NewsPicks is owned by a Japanese media company that also acquired Quartz last week.
Twitter suspended 70 million fake accounts in May and June, and some wonder if this will result in a decline in users in Q2. However, this could work in Twitter's favor because many of these accounts aren’t actual users and just end up distorting those numbers, says Matt Binder, tech reporter for Mashable.
