Following Google, Shopify, GameStop and Amazon, Musk's Tesla has now proposed a 3-for-1 stock split.
During Tesla's annual meeting on August 4th, shareholders will vote on the proposal.
Following the EV manufacturer's 5-for-1 stock split in August 2020, the shares rose roughly 40%.
Elon routinely makes unfulfilled promises about new technology and suddenly drops Twitter's take over.
Tesla appears to be on track to generate more than 1 million vehicles this year.
Although COVID-19 pandemic continues to pose a threat to supply chains and semiconductor chip shortages.
When Tesla CEO recently announced his plans for a hiring freeze, shares of the company fell by 9%.
Elon Musk alone holds 193.3 million Tesla shares or 20.7% of the total number of shares.
Kimbal Musk, Musk's younger brother, is the owner of 629,740 shares in Tesla, or 0.07% of the company's total shares.
More investors are ultimately able to engage thanks to Tesla's split stocks.