*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).
Patrick Byrne, CEO of Overstock.com, says that a reported payment glitch did not impact the e-commerce site and that he thinks there's a lot of potential in cryptocurrencies.
But John Detrixhe, Future of Finance reporter at Quartz, says that the legislation might run into some hurdles. "It seems hard to imagine it becoming widespread."
This year's CES placed car tech front and center, leaving many to ask if it's become the world's best car show. Wired's Michael Calore joins Cheddar to wrap up the biggest trends and hottest gadgets from the Las Vegas electronics expo.
Michael Kramer, author at Seeking Alpha, discusses Roku's $4.3 billion valuation and why he believes that stock is bloated.
John Schwarz, Founder and CEO of Visier, explains how his company helps businesses understand their employees. Visier uses artificial intelligence and machine learning to discover employee trends and issues in the workplace.
Joel Feder, interactive content manager for Motor Authority, discusses which automakers blew him away at CES this year. Driverless cars, electric vehicles, and new interfaces turned the expo into something of an auto show.
Roxy Young, VP of Marketing, and Zubair Jandali, VP of Sales at Reddit, join Cheddar's Alyssa Julya Smith at the CES conference to discuss new initiatives that optimize advertising on Reddit's platform.
HP is on a quest to reinvent printing for the digital age. Alyssa Julya Smith was in Las Vegas at the Consumer Electronics Show with Enrique Lores, President of Imaging & Printing at HP to discuss the emerging technologies that are revolutionizing print.
Sara Fischer, Media reporter for Axios, discusses how data effects foreign investments in U.S. Technology. Ripple Partners With MoneyGram to Lower Remittance Cost. Turner CEO John Martin gives his take on future of media and TV. Walmart announce it is closing 63 Sam's Club stores across the country. Former White House Chief Strategist Steve Bannon is set to appear next week before the House Intelligence Committee.
"Blue Planet" is the Emmy-Award winning series that looks at life under the deep blue sea. It's back for a new season 17 years after the original aired in 2001. The producers sit down with Alyssa Julya Smith in Los Angeles to talk about the four-year production of the latest installment.
