What is the difference between telophase 1 and telophase 2?

At the beginning of telophase I, each half of the cell has a complete haploid set of chromosomes, but each chromosome is still composed of two sister chromatids. Cytokinesis usually occurs simultaneously with telophase I, forming two haploid daughter cells. No chromosome replication occurs between the end of meiOSis I and the beginning of meiOSis II, as the chromosomes are already replicated.

In telophase II, the nuclei form and the chromosomes begin decondensing. The meiotic division of one parent cell produces four daughter cells, each with a haploid set of (unreplicated) chromosomes