Apple and Tesla Stocks Drop as Growth Slows for Former High-Flyers
• Apple and Tesla stocks have fallen from their high-flying positions as growth prospects slow • The two companies were previously market darlings, propelling indexes higher • For Apple, iPhone sales are slowing globally and it faces regulation and lack of AI plans • Tesla is seeing first delivery decline in years as EV market growth expectations reset • Still, Morningstar sees both Apple and Tesla stocks as fairly valued currently