Jul.22 — Ross Gerber, chief executive officer of Gerber Kawasaki Wealth and Investment Management, talks about Tesla Inc.’s results and outlook. Tesla posted a fourth consecutive quarterly profit, a milestone that could pave the way for the electric car-maker to join the ranks of the blue-chip S&P 500 Index. He also discusses the tensions between the U.S. and China, and the prospects for U.S. technology stocks. His company owns shares of Tesla and Apple Inc. but not Twitter Inc. nor Facebook Inc. He speaks on “Bloomberg Daybreak: Australia.”
In This Story: Apple Inc
Apple Inc. is an American multinational technology company headquartered in Cupertino, California. It is considered one of the Big Tech technology companies, alongside Amazon, Google, Microsoft, and Facebook.
Well known products and services from the brand include the iPad tablet computer, AirPods wireless earbuds, iOS, iTunes, the Safari web browser, Apple Music, iCloud and Apple Pay.
Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976. Apple went public in 1980. In August 2018, Apple became the first publicly traded U.S. company to be valued at over $1 trillion and just two years later in August 2020 became the first $2 trillion U.S. company.
The company employs 137,000 full-time employees and maintains 510 retail stores in 25 countries as of 2020.
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In This Story: Australia
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In This Story: China
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In This Story: S&P
S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. One division of the business, S&P Global Ratings, is considered the largest of the Big Three credit-rating agencies, which also include Moody’s Investors Service and Fitch Ratings.
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In This Story: Tesla
Tesla (NASDAQ: TSLA) is one of the biggest producers or electronic cars, and other, largely electronic, equipment.