*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).
Facebook is making changes to its data-sharing practices in the wake of the Cambridge Analytica scandal. The social media company announced late Wednesday that it would stop sharing user information with third-party data firms.
President Trump called out Amazon in an early morning tweet today, saying he's concerned the company pays "little or no taxes." This follows reports that the president wanted to go after Amazon.
A combination of a Moody's downgrade, an NTSB investigation, and delayed production are "really weighing" on investors, says CFRA analyst Efraim Levy.
Cheddar employees downloaded the information that the social media site has collected on them over the years and got some pretty surprising results.
The driverless car revolution won't fully take over in the near term because safety needs to be mastered first, says Jeff Bracken, Group Vice President of the luxury carmaker. His comments come after Uber's fatal autonomous car crash last week, which has left the industry reeling.
In a bid to lure millennials, the luxury carmaker is testing out the new strategy with various pricing models, says Jeff Bracken, Lexus Group Vice President. The carmaker unveiled the Lexus UX model at the New York International Auto Show on Wednesday.
For the full interview, [click here](https://cheddar.com/videos/lexus-unveils-a-new-compact-crossover-for-the-urban-explorer).
Facebook may warn users about how their data could be used, but Quartz's David Yanofsky says most people don't understand the full extent of that. And like other addictive products, they're unlikely to give up on it so easily.
The chipmaker pulled testing for its autonomous technology Tuesday, about a week after one of Uber's driverless cars killed a pedestrian. The Verge's Andrew Hawkins says the big players are "trying to be cautious."
Last Sunday, one of Uber's self-driving cars struck and killed a pedestrian in Tempe, Arizona. The police said Uber was likely not at fault because the accident would have been hard to avoid, even for a human driver. However, reports have surfaced that uber's driverless technology was faltering well before the crash. Daisuke Wakabayashi, Reporter at the New York Times, breaks down the root of Uber's self-driving problems.
Tesla's new, mass-market car has done away with most controls on the dashboard and allows for panoramic views. Cheddar's Hope King got a look at one with a long-time waitlisted buyer.
In a rush to catch up with rivals, Uber plunged into the self-driving space in 2016. But its tests have failed even its own internal expectations, says Daisuke Wakabayashi, reporter at The New York Times.
