*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).
Soothe's new CEO Simon Heyrick says the company is working on new tools to increase its clients' safety after an assault accusation by a Kentucky woman. The massage on-demand app recently raised $31 million in a new round of funding.
Rachio is a smart sprinkler that can schedule waterings and also help homeowners control how much water is used, says Chris Klein, the company's co-founder and CEO. That functionality has helped conserve about 28 billion gallons of water to date.
For the first time in eight years, the social site is rolling out a redesign that reduces white space and increases flexibility in how users view content. Many of the changes were careful and based on user feedback, says Chris Slowe, the site's chief technology officer, because "Reddit exists as a platform to criticize Reddit."
The live streaming platform, primarily used for video game streaming, has 15 million daily users who spend an average of two hours a day watching content there. That's because Twitch has turned the traditionally "solitary exercise" of gaming into a more social experience, says co-founder Kevin Lin.
The humanoid robot was designed with an eye toward businesses before homes, says Steve Carlin, Softbank Robotics chief strategy officer. That way American users can interact and "get used to" the four-foot-tall robots before letting them into their personal spaces.
One of the ways to turn the company around is a change in management, says Michael Pachter, an analyst from Wedbush Securities. Shares of the social media company took a hit Wednesday, a day after it delivered disappointing quarterly results.
Though the music streaming platform posted results in-line with expectations on revenue and paid subscribers, the company is still losing money, and revenue growth for the current quarter looks uninspiring. Spotify's shares fell about eight percent after the bell Wednesday.
The electric carmaker brought in more revenue than expected in the first quarter but posted a net loss of over $780 million. It said it would reverse that by the second half of the year, if it's able to meet its production goals.
The video sharing platform is deliberately staying away from original content because there's already "billions of dollars being invested in that," said CEO Anjali Sud. Instead, she added, Vimeo is focused on being a tool for creators.
Apple and Snap reported earnings with wildly different results. Apple beat expectations on earnings and revenue, bolstered by strong iPhone sales, international growth, and an increase in wearables. The iPhone X was Apple's best-selling phone last quarter, putting rumors to rest that it would discontinue the phone.
On the other hand, Snap had a pretty disappointing quarter, missing Wall Street estimates on revenue and user growth. The unpopular redesign to the Snapchat app likely contributed to slower than expected daily active user growth.
Facebook's F8 developer conference is underway in San Jose, California. Cheddar's Alex Heath sat down with Ime Archibong, Facebook's VP of Partnerships, at the conference to discuss how the company is changing its data practices in the wake of the Cambridge Analytica scandal.
