Tesla, BioNTech, Moderna and more

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The headquarters of German immunotherapy company BioNTech stands on April 22, 2020 in Mainz, Germany.

Thomas Lohnes | Getty Images

Check out the companies making headlines after the bell

Tesla — Shares of Tesla fell 2% in extended trading. During the day, the stock rose and then fell in a volatile session and at one point Tesla’s market value reached $321 billion. Musk is the seventh-richest person in the world, beating investor Warren Buffett as of Friday. Over the weekend, CEO Elon Musk tweeted the company is abandoning plans for a bargain Model Y SUV.

BioNTech — The

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Stock futures rise ahead of bank earnings

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A view of the New York Stock Exchange (NYSE) is seen at Wall Street on June 29, 2020 in New York City.

Angela Weiss | AFP | Getty Images

U.S. stock futures moved higher in early trading and pointed to gains at the open on Tuesday, as investors eye earnings reports from some of the nation’s largest banks. 

Dow futures rose 70 points. The S&P 500 and Nasdaq 100 futures rose 0.25% and 0.34%, respectively. 

On Monday, the Dow Jones Industrial Average gave up a 500-point gain to end the day up 10 points. The S&P 500 ended the day

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Trivago CEO says travel has fallen as U.S. coronavirus cases rise

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Interest in traveling has fallen as the U.S. experiences a surge in coronavirus cases, Trivago CEO Axel Hefer told CNBC on Monday. 

“The demand has not held up,” Hefer said on “Squawk on the Street.” “With a significant deterioration of the health situation, you see a significant drop in travel activity.” 

Hefer stressed that the relationship between travel and health “goes both ways.” 

“You can clearly see that when there is a significant improvement in the health situation, and also clear communication from the government that it is safe to travel, that there is an increase in demand,” he said. 

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American Airlines to warn pilots this week about potential furloughs

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Pilots talk as they look at the tail of an American Airlines aircraft.

Mike Stone | Reuters

American Airlines is planning to warn pilots this week about potential furloughs, the latest carrier to prepare employees for job cuts as the coronavirus pandemic roils the airline business.

The terms of $25 billion in federal coronavirus aid prohibit carriers from laying off workers or cutting their pay rates through Sept. 30, but weak demand has forced airlines to shrink to cut costs.

The Worker Adjustment and Retraining Notification Act requires employers to notify staff about possible layoffs or temporary furloughs generally 60

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