Elon Musk is not only focusing on two transportation ventures. Right now, he is currently gearing up for January 2017's next Hyperloop Competition that features university and college engineers from around the world. He is also working on Tesla's next superior car model that is both efficient and environmentally friendly.

While many think that he is on top of his game, including his mission to make Mars a habitable planet for humans, he is not stopping at all.

Elon Musk has a third transportation project in mind. And he calls it boring. The company name itself is called "The Boring Company." The tech mogul even had a slogan ready: "Boring, it is what we do," as reported by the Australian Financial Review.

The SpaceX founder was busy teasing tweets on his social media pages that his next entrepreneurial project is a little "boring." One of his Twitter posts explained why he is taking on a new project. He claims that traffic is driving him crazy. So, aside from building a Hyperloop tunnel and pod system, he is proposing to build a tunnel boring machine and start digging tunnels. Clearly, his frustration with the country's traffic situation is not getting any better. Will Elon Musk be able to solve the traffic issues?

While his posts indicate that he is planning to create a massive project that will solve the craziness of traffic, there is no solid report of the project's start as of yet. But his Twitter bio now reads: "Tesla, SpaceX, Tunnels (yes, tunnels) & OpenAI."

Right now, the entrepreneurial world is waiting for Elon Musk to reveal his tunneling plans further. For now, many STEM enthusiasts, professionals and tech industries are looking at the next Hyperloop Competition in January 2017. The upcoming Hyperloop Challenge will name the winning design. This is Elon Musk's dream and hope to provide a faster means of transportation from point A to point B.

Interested to learn more about Elon Musk and his dream for humanity? Check out what he has to say about Mars below!