*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).
VF Hive looks at the intersection of Wall Street, Silicon Valley and Washington D.C. and the egos that drive them. Between Bells follows the latest business, technology, and culture news.
VF Hive editor Jon Kelly, Kristin Scholer and the Hive panel take us through the five biggest stories of the week in politics, business and technology.
Michael Markesbery, Co-founder and CEO of OROS, discusses his company's plan to disrupt the outerwear market through its use of aerogel technology, typically used by NASA for its spacesuits. Markesbery talks how OROS separates itself from high-end competitors like Canada Goose.
Bharath Kadaba, Chief Innovation Officer at Intuit, discusses the company's use of Amazon Web Service for the implementation of it artificial intelligence and machine learning products. He also discusses how the software company aimed at small businesses will handle tax reform should there be a rewrite of the tax code.
General Motors gets ready to unveil its self-driving technology to some pretty eager analysts. It's president said the car will be ready in "quarters, not years." Mike Brown, Technology Reporter at Inverse, explains what this move means in GM's quest to be a leader in the driverless car market.
Cheddar explores the rising popularity of Bitcoin with Rob Marvin, Associate Features Editor at PCMag.com, and Robert Hackett, Reporter at Fortune. The cryptocurrency hit record highs on Wednesday morning before dipping back down to just over $9,000 on Thursday.
The holiday season is officially upon us. If Cyber Monday is any sign of what to expect from the retail sector, we should be prepared for a lot of online shopping. As more dollars exchange hands over the internet, the need to step up efforts to fight online fraudulent activity becomes more important than ever. Michael Reitblat, CEO and Co-Founder of Forter, a real-time fraud prevention company, joined us on set to discuss how to combat fraud.
The recent Uber hack that compromised information of 57 million users has many people worried about cyber security. Reitblat emphasises that everyone needs to calm down, because the cyber threat is not as bad as it seems. He advises that as long as you are prepared, you’re information is more likely to be protected.
Forter offers end-to-end solutions for retail fraud. The company alerts clients in real-time and proceeds to block the fraudulent user. Reitblat offers tips and best practices to avoid becoming a fraud victim.
Former astronaut Mae Jemison is a groundbreaker on many levels. And now she's advocating to get children toys that can teach them about science and technology at an early age.
Michael Copps, a former commissioner at the FCC, told Cheddar that, as current Chairman Ajit Pai pushes to roll back net neutrality regulations, Americans can trust the courts and continue to push back against those efforts.
In October, His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE, said artificial intelligence is the next major revolution of our time and selected a state minister to focus on this space. The newly appointed Omar Sultan AlOlama, Minister of State for Artificial Intelligence for the UAE, says his top priority is to discuss how governments should address A.I., and put regulations in place.
In September Elon Musk tweeted, "Competition for A.I. superiority at a national level most likely cause of WW3." Musk has been no stranger about his fears of A.I. AlOlama says every concern is valid. He says Mark Zuckerberg is talking about the short term, while Elon Musk has his eyes on long term. But governments need to have these types of discussions today, says AlOlama.
The UAE is also working on a project in partnership with Oxford University and UNESCO to restore artifacts through technology. Recently, ISIS has destroyed historic artifacts. Through this partnership, the group 3D printed the Arc of Palmyra to bring it back to life. The World Government Summit is from February 11th to February 13th. Omar Bin Sultan Al Olama is the Managing Director of the summit.
