Tesla, Apple splits cause outages on Robinhood, Charles Schwab, TD Ameritrade

Trading platforms struggled to meet demand for Apple and Tesla post stock splits

As if Apple and Tesla were not already popular enough, demand for the now split shares, which are much cheaper for a new crop of investors, may be the cause of several trading firms getting knocked offline.

Ticker Security Last Change Change %
AAPL APPLE, INC. 122.77 -3.14 -2.49%
TSLA TESLA, INC. 589.89 -27.31 -4.42%

TESLA, APPLE STOCK SPLITS PAVE WAY FOR MORE GAINS

In a midday tweet, Robinhood, the popular trading app, acknowledged a glitch after a fix was deployed yet noted it was not due to the stock splits of the two stocks.

Ticker Security Last Change Change %
SCHW CHARLES SCHWAB 69.14 -1.51 -2.14%

Charles Schwab tweeted a similar notification, warning customers that accounts may be "intermittingly inaccessible."

Ticker Security Last Change Change %
AMTD n.a. n.a. n.a. n.a.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

TD Ameritrade clients were told to be aware of "high levels of slowness..."

E-Trade also encountered difficulty accessing its accounts, according to reports and various tweets. Inquiries by FOX Business were not immediately returned.

Ticker Security Last Change Change %
ETFC n.a. n.a. n.a. n.a.

The stocks jumped on Monday, amid heavy trading, sending the value of both higher.

Tesla, which split 5-for-1, saw its market cap rise to early $450 billion, while Apple split 4-for-1, was trading around $2.2 trillion intra-day.

CLICK HERE TO READ MORE ON FOX BUSINESS