*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).
Stringer wants Facebook to bring in more independent directors and experts on data protection to provide more oversight at the company. As the comptroller, Stringer manages the city's public pension funds, which have close to $1 billion invested in Facebook.
Both companies decided to bypass banks and let anyone participate in the listing process, says Stacey Cunningham, COO at the New York Stock Exchange. The music streaming company started trading on the market Tuesday, with shares opening at $165.90 a pop.
There are "some unique factors" that went into Spotify's decision to choose a direct listing, and not all companies will have the same needs, says Stacey Cunningham, COO at the New York Stock Exchange. Spotify started trading on the market Tuesday, with shares opening at more than $165 a pop.
Choosing a direct listing over an IPO has left a lot of room for volatility when the stock starts trading tomorrow, says Maureen Farrell, reporter at the Wall Street Journal. The music streaming company goes public Tuesday, and investors have little guidance on the debut price or even what kind of volume we'll see on day one.
Female gamers, like Janet Rose, are often told that they are mere distractions in the male-dominated industry. They are also frequently exposed to sexual harassment online. Rose, who streams on Twitch as "xChocobar," shares her experience.
Cheddar caught up with auto execs at the New York International Auto Show and asked them how many years it will be before people won't need to learn how to drive. Here are their answers.
Sony's PlayStation produces games that are exclusive to the platform, much like the media companies, and that's what keeps gamers loyal, says Asad Qizilbash, the company's Vice President of Marketing. "God of War" is an example of a PS exclusive and the next version comes out on April 20th.
The game's protagonist, Kratos, has evolved and now has a son, which adds depth to the storyline. The playing experience is sharper too, says Asad Qizilbash, PlayStation's Vice President of Marketing. The new "God of War," a PlayStation exclusive, comes out on April 20th.
Fortnite is not only popular but also extremely difficult to win. Janet Rose, who live streams on Twitch as "xChocobars," lives to tell the tale and discusses what it's like to be a female gamer.
The music streaming business is going public on April 3 but, in an unusual move, has opted for a "direct listing", rather than going the traditional route. Cheddar's Nora Ali breaks down what that means, and why it could make for a very exciting market debut.
