Little over a year ago, when Tesla’s (NASDAQ:TSLA) stock was hovering around $1,300, firm CEO Elon Musk tweeted that the shares were “too expensive” in his opinion and added that EV shares should be affordable to the public.

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After the tweet, a 5-for-1 stock split soon followed.  

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Fifteen months later Tesla’s stock is approaching a similar level following a spectacular surge this year. This fuels speculation that Musk is appealing to the current high interest from retail investors by announcing another share division.

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“When Tesla announced its 5-1 stock split on August 11, 2020, Tesla was at $1,373 (pre-split).  Post split, we are now back above $1k to $1,024. Tesla will probs start to consider another split of some sort as we approach the same $1,300 level. We’ll see”.  tweeted user Sawyer Merritt.

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Neil Macneale, who runs the 2 for 1 Index, believes that a move to bolster Tesla’s free float by slashing its share price would weaken a ‘crazy’ market cap which saw a temporary dip on Monday after Musk said that he would sell 10% of his shares based on a Twitter poll.

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However, CEO David Barse from ETF investor Xout Capital, disagrees. He explains that Musk will probably relish the idea of another stock split as he seeks to be a company everyone can invest in while adding more shares could also boost executive compensation.

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Barse said: “Tesla is a technology company masquerading as an auto company and the value of Tesla’s data holds tremendous value. The market is misanalyzing Tesla.”

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Investment firm GLJ Capital said that Tesla would very likely split the same as last year. Following the division back then, shares rallied 12% and are now up nearly 70%. In an attempt to rationalize GLJ Capital’s comments, if Tesla does a 20:1 split, it will allow the investment firm to keep its price target of $67, explained a Twitter user.

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A new split will be bullish for the stock which analyst Ed Moya recons hitting $2,000. With a massive retail following, a split will have investors embrace it and stocks will evidently rally. Tesla closed down 11.99% at $1,023.50 on Tuesday.