*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 reveals users are spending less time on the platform. Americans are spending big on their pets this Valentine's Day. Dr. Travis Stork from "The Doctors" stops by to explain how you can eat healthier without breaking the bank. Plus, Family Circle gives advice on how to use tech to promote heart health.
Ian Logan was one of the first employees at Airbnb, eventually becoming the company's Director of Engineering. Now, he's taking the lessons he learned there to build a new start-up called Drop.
Heart disease is the leading cause of death among men and women in the United States, but it's also the most preventable. Family Circle's Lynya Floyd joins Cheddar to mark healthy heart month with some helpful tech hacks.
The Hive co-hosts Kristen Scholer and Jon Kelly discuss the top 5 hottest stories in tech and politics. From Melania Trump's appearance at the State of the Union to Mark Zuckerberg's play for local news, The Hive has the latest news you need to know.
People are spending less time on Facebook, according to the company's latest earnings report. Twitter doubles the number of users who interacted with Russian-linked trolls. And eBay is parting ways with longtime partner PayPal in favor of Dutch payment processing company Adyen. Plus, we bring you a full hour on the Business of Sports heading into Super Bowl weekend.
Mike Heller and David Spencer, co-founders of Talent Resources Sports, talk about how their company matches major brands such as Rolling Stone and Playboy with some of the biggest celebrities to create a star-studded party.
Emily Bary, reporter for MarketWatch, gives us her thoughts on Facebook's latest earnings report that saw earnings per share beat, but daily users on the platform drop because of a shift away from viral videos.
People are spending less time on Facebook, according to the company's earnings report. And eBay is parting ways with longtime partner PayPal in favor of Dutch payment processing company Adyen.
Facebook and Microsoft release earnings. The Dow wraps its best month since March 2016. Rep. Trey Gowdy (R-SC) announced Wednesday he will not seek reelection. Bitcoin could face its worst monthly decline in January. Entrepreneur and original "Shark" Kevin Harrington shares his outlook for cryptocurrency, and how he thinks it could transform retail.
The director of the CDC resigned Wednesday after reports saying she purchased shares in a tobacco company. Spotify is testing a new app in Australia that sounds a lot like Pandora.
