*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).
The wedding registry platform, which recently raised $100 million in fresh funding, is looking to expanding into every step of the wedding planning process "from engagement through to the first year of marraige," says CEO Shan-Lyn Ma.
Warren Buffett isn't betting on bitcoin anytime soon. Over the weekend at the Berkshire Hathaway annual shareholders meeting, Buffett said the digital currency is "probably rat poison squared." Buffett has long been skeptical about cryptocurrencies. At the conference, Buffett also made headlines when he said he regretted not investing in Amazon and Alphabet.
Starting Monday, Tesla will start kicking out contract workers unless a fulltime employee can vouch for them. In an email to employees, Elon Musk said Tesla employees will need to send HR a note affirming the character of the contractor, or else that person will be denied access to Tesla's facilities. Tesla employs around 40,000 people worldwide.
And we speak to Shan-Lyn Ma, co-founder and CEO of Zola, about the company's latest funding round. Zola has worked on improving the wedding registry process for couples. With this new funding, Ma says Zola will work to ensure every part of the wedding planning process is seamless, from budgeting to the honeymoon.
Zachariah Reitano's Roman Health is using the treatment of erectile dysfunction to save lives by helping men discover the sometimes very serious underlying causes of the condition.
David Klein, CFO of Constellation Brands, the owner of Corona, Modelo, and Pacifica, says Cinco De Mayo is not just great for sales, but allows the company to win the retail floor straight through summer.
Brian Deagon, senior reporter at Investor's Business Daily, says he understands why the Tesla CEO would be agitated by short sellers and hearing the same questions about production and cash flow every quarter.
The on-demand app that connects patients with doctors has seen rapid growth in the past few years, particularly in mental health services, and recently raised an additional $74 million in funding. "Not only does it make access to a doctor much, much easier, it also addresses a lot of the stigma associated with mental health," says CEO Hill Ferguson.
Ujo Music's co-founder Jesse Grushack says the music industry is broken, because artists can't get paid fairly or accurately for the music they create on all the platforms where it might appear. He says blockchain technology can help fix this going forward.
Glamour magazine's Morgen Peck, who recently wrote a story about the leading women in cryptocurrency, says their increasingly visible role may change the so-called bro culture of the industry.
Musk's behavior during his earnings conference call Wednesday surprised reporters and rattled some investors: Tesla's stock opened down more than 6 percent Thursday.
But Galileo Russell, the founder of the YouTube channel HyperChange TV, said retail investors found it “the most informative conference call they’ve ever heard from Tesla.”
The guided meditation app wants to make the ancient practice of mindfulness easier for people. You don't need "to sit down on the floor, cross-legged, light some incense," says the Headspace co-founder Andy Puddicombe, a trained Buddhist monk.
