*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).
Facebook admitted this week it shared user data with Chinese phone maker Huawei, which has been flagged as a national security threat. This slow drip of Facebook's data practices will be a difficult PR crisis for the company to overcome, says Former White House Chief Informatoion Officer Theresa Payton.
Apple is doubling down on its Pay function, expanding it to a wider range of transactions and turning it into a bigger revenue stream for the company.
Facebook is facing more backlash after a New York Times report revealed the social media company shared user data with at least 60 device makers. It turns out Facebook shared information with four Chinese firms, including Huawei. The Chinese company Huawei is the third largest smartphone maker in the world and has also faced intense scrutiny from U.S. government officials.
Tesla shareholders voted to keep Elon Musk on as chairman of the electric carmaker. At the annual shareholder meeting, Musk said the company is on track to deliver 5,000 Model 3 vehicles per week by the end of this month. Tesla will also open a new gigafactory in Shanghai, its first outside of the U.S.
And we talk to WNBA legend and Olympic gold medalist Lisa Leslie. She stars in the new film 'Uncle Drew' alongside Kyrie Irving, Chris Webber, Shaq, and other comedy and basketball greats. Leslie also weighs in on the NFL kneeling controversy.
The disruption of the advertising business will fundamentally alter the way Americans listen, read, and watch media in the future, according to the writer and media critic Ken Auletta.
Some tips from the CEO and founder of the wellness company Thrive Global: blink more, take a walking meeting outside, and get up every 20 minutes.
Tesla's chairman and CEO Elon Musk escaped an attempt by shareholders to strip him of one of his titles at the electric car company he founded. Aaron Cole, managing editor at Motor Authority, said Musk was expected to hold on to his chairmanship, but the shareholders meeting was still an emotional one for the Tesla boss.
Dara Khosrowshahi's emphasis on safety, his decision to change Uber's rules around sexual harassment claims, and his slow and careful search to fill executive jobs are all "ground-breaking," says the Huffington Post founder and CEO of wellness company Thrive Global.
Instagram is testing new features intended to curb addictive use of the photo sharing app, its co-founder and chief technology officer Mike Krieger told Cheddar.
The updated iOS 12 will allow users to create emojis that look like them -- 'Memojis' as Apple is calling it, putting the tool in direct competition with Snapchat. Cheddar's Hope King tries out the new feature with Jeremy Burge, editor of Emojipedia.
Apple is introducing new tools to fight tech addiction. At the company's annual developer conference, Apple unveiled a new feature called 'Digital Health' that allows users to track how much time they spend on their phones and on certain apps. Tim Cook and other Apple executives also took some not-so-subtle jabs at Facebook during the keynote address, calling out the social media company for its data practices.
Starbucks founder and executive chairman Howard Schultz is leaving the company after nearly 40 years. He helped grow Starbucks into an international brand with around 28,000 locations worldwide. Many speculate that Schultz is considering a presidential run in the coming years.
And Hope King sits down with stand-up comedian Nikki Glaser at Comedy Central's Clusterfest. Glaser talks the challenges of being a woman in comedy and how President Trump has changed the industry.
