*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).
A new data privacy battle is brewing in Europe. The EU is considering stricter data privacy rules called the ePrivacy Regulation, just days after the General Data Protection Regulation (GDPR) went into effect.
Crowd Cow enables consumers to bid on parts of cows from independent farms and will only process orders once the entire cow is sold. "What we're doing is providing a very different experience from the entire meat industry," says co-founder and CEO Joe Heitzeberg.
A former Snap software engineer wrote an email last November criticizing the company for not being welcoming to women and people of color. Snap told Cheddar it’s making efforts to address what the engineer, Shannon Lubetich, called a “toxic” and “sexist” culture.
An Austrian privacy activist filed lawsuits against the tech giants as soon as the General Data Protection Regulation (GDPR) went into effect at midnight, accusing the companies of failing to comply. "This is a very hard reality check for companies, not just abroad, but in the U.S.," says Andrew Rossow, internet attorney and Forbes contributor.
The iconic yellow cabs will be fitted with a tablet-based digital operating system that will help drivers with navigation and charge riders a fixed price. This will help taxis compete with other ride-hailing apps, like Uber and Lyft, says Amos Tamam, CEO of Curb, the company powering the new initiative.
Amazon is trying to ease customer concerns over privacy after one of its Echo devices recorded a couple's private conversation and sent the audio file to a contact in their phone book. The only way to win back trust is to be "totally clear" about its privacy policies, says Andrew Freedman, a senior editor at Tom's Guide.
The gaming streaming platform launched a new monetization system that will pay content creators if their work yields high levels of viewer engagement. Its internal currency, called Caffeine Gold, can be exchanged for real-world cash.
The payment technology start-up unveiled a new version of its app this week that lets retail investors in 46 states play in the crypto market.
Jake Fisher, director of auto testing at Consumer Reports, talked with Elon Musk, who said he's planning to fix the Model 3's braking distance issue with a remote update, possibly as soon as this weekend.
Consumer Report does not recommend the Tesla Model 3 after it put the vehicle to the test. Jake Fisher, director of automotive testing at the magazine, shares what went into the test and dishes on his talk with Elon Musk.
