Apple (AAPL) stock headed lower in premarket trade on Tuesday after its flagship developer conference revealed new tricks and gadgets set for launch.

One headline piece, rolled out in Cupertino, California was new capabilities for the tech giant’s iPads, which will allow users to use the tablet less like an iPhone and more like a laptop.

The updates include the ability to use windowed versions of apps that you can move and resize just as you would on a Mac. Previously, apps could only be resized in certain instances and and apps snapped to specific areas of the iPad’s screen.

Now, you’ll be able to layer apps on top of each other and have even more of them slightly offscreen to make room for other apps.

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Apple also added a new menu bar at the top of the iPad’s screen where you can access options like app-specific commands, similar to the Mac. The company also updated its Files app, so you can navigate your saved documents, videos, and photos more easily. And Apple is finally bringing the Preview app to the iPad for when you need to quickly access a PDF file or photo.

Apple’s iPad segment is its smallest business, bringing in $26.6bn (£19.7bn) of the company’s $391bn in total revenue in 2024, down 6% year over year. The iPhone brought in $201.1 billion, while the Mac generated $29.9bn. The software update, however, could give consumers a bigger reason to choose an iPad over a MacBook Air, helping to goose sales.

Stock traded 1.2% lower ahead of the opening bell.

Tesla (TSLA) stock looked set to build on gains from Monday in premarket trade, with its highly anticipated robotaxi test set to begin on 12 June in Austin, Texas.

Weakness in the stock comes after the fallout between CEO Elon Musk and US president Trump, which does not show any signs of improving, at least for now.

Last week, Tesla stock dipped nearly 15% and saw more than $150bn in market cap erased after Musk slammed Trump’s GOP-backed spending bill, prompting fiery responses from the president and raising concerns over the political risk now tied to the EV maker due to the actions of its chief executive.

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While Trump allayed some concerns over his relationship with Musk on Friday, the president told NBC News over the weekend that he had “no intention” of speaking to Musk in the near future.

Shares rose as much as 2.6% in premarket, having jumped 4.6% in the previous session.