*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).
Billy Gallagher, author of 'How to Turn Down a Billion Dollars: The Snapchat Story," sits down with Cheddar's Alex Heath to discuss the book that looks at how the company was founded.
It's been a wild week for the stock markets. The Dow plunged below 1,000 points for the second time ever on Thursday. Amazon is taking on UPS and FedEx, announcing a new delivery service geared towards businesses. Congress agreed on a spending bill after a brief government shutdown overnight. Snapchat is starting to show signs of recovery after a disappointing few quarters. Cheddar senior reporter Alex Heath sits down with Billy Gallagher, author of the new book "How to Turn Down a Billion Dollars: The Snapchat Story," to see what lies ahead for the company.
Lee Billings, space and physics editor for Scientific American, discusses the financials behind the Falcon Heavy. SpaceX successfully launched the rocket from Kennedy Space Center earlier this week.
Digital innovation is progressing at a rapid clip, and finance companies are placing a strong emphasis on integrating technology into their products and services. Alice Milligan, Chief Customer and Digital Experience Officer at Citi, joined us to discuss how Citi is keeping up with the fast pace of digital innovation.
PayPal is a pioneer in the fintech revolution, pushing boundaries in the new era of finance. Louise Pentland, EVP, Chief Business Affairs and Legal Officer at PayPal, was with us to discuss how the company is disrupting the industry and building an inclusive culture.
Cheddar is dedicating the day to celebrating women, and we're calling it "Chedher"! We have special co-hosts and interviews from women in sports, tech, business, politics and more.
Hope King welcomes special co-hosts Alicia Quarles and Tanzina Vega.
Onshape is a modern CAD system that lets engineers focus on doing their best work. Onshape founder and CEO Jon Hirschtick sits down with Alyssa Julya Smith in Los Angeles to talk about how he is revolutionizing the industry and creating streamline processes for engineers.
Michel Feaster dropped out of Harvard and started working at a convenience store. Now, the entrepreneur is the CEO of Usermind, a startup that has raised $45 million.
The gender gap in the workforce is even more noticeable when you look at careers in science, technology, engineering, and math. Inhi Cho Suh, GM of Watson Customer Engagement at IBM and Laura Bilazarian, Founder and CEO of Teamable, explain how companies can do a better job recruiting and growing women leaders in technology roles.
There's a huge gender gap in the technology sector. AT&T's Regional President for the North East Marissa Shorenstein explains how AT&T is working to close this gap for women in this industry.
