Tesla said it took those factors into consideration -- as well as employees who get paid in company stock. He even sold $8.5 billion worth of Tesla shares to raise cash to be used towards the purchase, which helped put downward pressure on Tesla share price. Amazon's AMZN Google GOOGL Shopify SHOP Other Big Tech companies also have recently announced stock splits to help boost their affordability and attractiveness to everyday investors.20-for-1 stock split went into effect Monday . Online retailerhas a 10-for-1 stock split planned for later in June, while meme stock darling GameStop proposed splitting its stock as well. Berkshire Hathaway BRKA Major company stock splits have become very in vogue in recent years.

Source: CNN June 11, 2022 03:26 UTC