*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).
Kelly Beatty, senior editor of Sky & Telescope, talks SpaceX's powerful Falcon Heavy rocket, the possibility of a tax break for the company, and the upcoming lunar eclipse. The Falcon Heavy rocket is the most powerful this generation has ever seen.
Snap Inc. has a message for its employees: if you leak company information, you could go to jail. Amazon announces it will increase prices on monthly Prime memberships by 20%. Facebook recently announced it will change the News Feed to favor posts from friends and family over posts from publishers. And the clock is ticking for Congress to extend funding and avoid a government shutdown.
Stephanie Ericksen, Vice President of Global Risk Products at Visa, says counterfeit fraud has gone down by 66% since chip-cards were widely adopted about two and a half years ago.
Arianna Huffington explains how it helps people combat their smartphone addiction. Amazon narrows the list of cities for HQ2. Facebook announces details of its community outreach program. Whatsapp announces it will allow business accounts. In a Cheddar scoop, Snapchat is laying off dozens of workers. The government shutdown looms. IBM, Atlassian, American Express release earnings.
re: 3D is the winner of the global Wework Creator Awards. The global competition featured innovative companies from around the world and boasted a $1 million prize. re: 3D took home the title, the prize money, and lots of room for innovating and ideas.
Jacobs Engineering Group is celebrating their 70th anniversary. The team is looking towards the future and the potential infrastructure bill that could be passing sometime this month or next. JEC explains why this bill is necessary and what impact it would have on the U.S. as a whole.
This week Bitcoin saw a huge drop and most of the other cryptocurrencies followed. So is it worth betting on Bitcoin? Bilal Zuberi is a partner at VC firm Lux Capital and he gives his take on investing in blockchain technology over cryptocurrency.
Thrive Global launched a new mobile app geared to improve people's relationship with technology. The company's co-founder and CEO Arianna Huffington explains how it helps people combat their smartphone addiction.
On VF Hive: We’re joined by the crew from Vanity Fair's Hive to discuss Bannon's Mueller investigation subpoena. On Between Bells: Winter Olympics diplomacy, and Ellen Pompeo's payday. With New York Magazine, Latina Magazine, and FHM.
Heather West, Senior Policy Manager at Mozilla, tells Cheddar how she thinks constituents can help in the fight against the repeal of net neutrality.
