Stocks Options and Volatility | Antoine Cureton

Monday, December 7, 2020 3:59 AM | MT Newswires Airbnb Inc. is planning to increase the proposed price range of its initial public offering to between $56 and $60 per share from the previously disclosed price range of between $44 and $50 per share, The Wall Street Journal reported on Sunday, citing unnamed people familiar with the matter. The increased price range will value the digital home-rental company at up to $42 billion, according to the report. Airbnb, which is expected to trade under the ticker symbol ABNB, is expected to set its final IPO price in the coming days, the report said.

Tesla could soar over 300%, to $2,500, in the next three years, the venture capitalist and veteran tech analyst Gene Munster told CNBC on Monday . A move like that would push Tesla's market capitalization, now $567 billion, to over $2 trillion. Only one other US-listed company - Apple - has passed that number. The Loup Ventures cofounder said Tesla would evolve over the next few years to become more than just a car company. "They're really going to take their tech that they're defining and pioneering with auto and applying it to new markets," he said. "Elon has recently said that there's 30% to 40% of the value of the car could be in insurance," Munster said. "What that means is that they can start offering their own insurance and improve margins. That's high-margin revenue. Not to mention everything they're doing around over-the-air updates with autonomy and what they can even do around HVAC." Munster also pointed to flying tax