Tesla and Apple shares fall following big runs sparked by stock splits


SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station.

NASA/Kim Shiflett

The massive boost from Apple and Tesla’s stock splits is showing signs of running its course.

Shares of Apple fell more than 4% from its record on Wednesday, while Tesla also slipped from its all-time high, dropping as much as 14.7%. The duo has enjoyed huge rallies following the announcements of their stock splits, which aim to lure more interest from regular investors.

Apple, the only U.S. company with a market cap over $2…


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