*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).
"We have a really strong conviction that VR is the most incredible social entertainment platform there could be," says Hugo Barra, Vice President of Virtual Reality at the social media giant. The new Oculus Go lets users watch movies, sports games, or concerts together, and even "hang out" and play board games, Barra tells Cheddar's Alex Heath.
Facebook said it will resume its process of reviewing third-party apps using new, tighter controls after the Cambridge Analytica scandal revealed holes in the social network's data privacy protocols.
Telecom giant Verizon has been angling to get a bigger slice of the digital content industry, because these days people are leap-frogging cable networks altogether and going straight to internet streaming, says Chris Carey, Chief Strategy Officer for Verizon Digital Media Services. "This year, and in the next three to four years, all the technology has been solved for, so essentially all of the television distribution services are no longer necessary," he tells Cheddar.
The film and TV studio known for the "Hunger Games" has invested heavily in acquiring game developers and esports franchises. "I think the hardest thing to do in media, and probably the most expensive thing to do, is to launch a globally successful video game," says Peter Levin, President of Interactive Ventures, a unit of the studio.
The platform recently surpassed five million home and apartment listings with plans to keep growing that space, says Gillian Tans, CEO of the unit.
Apple and Snap reported earnings today. By in large, Apple beat across the board while Snap came up short. Earnings per share and revenue reports below:
Snap
EPS: adjusted -$0.17 vs. -$0.17
Revenue: $230.7 million vs. $244.48 million
Apple
EPS: $2.73 vs. estimate $2.67
Revenue: $61.1 billion vs. estimate $60.84 billion
In the last few years, Philips has invested in transforming itself from an electronics company to a pioneer in digital health. The company wants to "give you back control of your own health" with its innovative medical devices and AI, says Joroen Tas, Chief Innovation and Strategy Officer at the Dutch company.
The tech giant showed that even weaker-than-expected iPhone sales can't slow the technology giant down. The company reported strong second-quarter earnings Tuesday, with more than $61 billion in revenue.
The social media company couldn't recover from the backlash over its redesign, posting a miss on both revenue and user growth.
A federal judge heard closing arguments this week about the merger and its potential impact on consumers. If the two companies are given the green light to join forces, it could smooth the way for other mergers, including the Sprint/T-Mobile partnership, said Dan Primack, business editor at Axios.
