*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).
Medmen is on the forefront of cannabis cultivation and uses all the latest technology to ensure the marijuana plans are up to the highest standard. Alyssa Julya Smith visits a LA grow facility where MedMen's VP of Corporate Communications Daniel Yi explains how the process works.
2018 was initially anticipated to be a "monster" IPO year. However, some of the companies investors were most excited to have go public like Uber, AirBnB, and Pintrest, have already announced they will not go public in 2018. But not all hope is lost. Spotify and Dropbox have filed to go public. How will 2018 measure up to 2017 for IPOs?
Cale Weissman, Reporter at Fast Company and MIT professor Luis Perez-Breva join This Changes Things to discuss which sectors are using artificial intelligence the best and why the technology won't replace humans.
Tom Harari, Co-Founder and CEO of Cleanly, joins This Changes Things to discuss how Y Combinator helped get his company off the ground.
This Changes Things: Advice for the executives and leaders of tomorrow, brought to you by American Express OPEN. On Between Bells: The Bachelor finale and big changes at ESPN. With Popular Science, Us Weekly, and more.
In a time when TV ratings are dropping for a number of different sports, eSports is on the rise. Millions of people tune in to watch gamers compete online to the tune of millions of dollars. That economic potential is grabbing the attention of VC firms like Accel.
Accel partner Vas Natarajan says that, as eSports arenas sell out, professional leagues and investors are getting in on the games.
ESPN has a new president, following the abrupt resignation of its former president in December. The popular trivia app HQ has received an additional $15 million in funding. In other funding news, the insurance app Lemonade recently secured $120 million in Series C funding. And we're joined by iconic travel writer Rick Steves to hear about his new book, "Travel as a Political Act."
Spotify and Dropbox have both filed to go public in recent weeks, so what does the rest of 2018 look like for the IPO space?
Luis Perez-Breva, Professor at MIT and head of its Innovation program, says that automation gives humans the ability to simplify tasks, and A.I. helps us interact with technology intelligently.
