Tesla is now worth more than Toyota, Disney and Coke

01:29

Tesla is zooming by the competition. Stockof the electric car company reached a new high of above$1,130 a share.

It bringsTesla's valuationcloseto $209billion, overtakingToyota, valued at$203 billion.

While traditional companies are struggling with the pandemic, Tesla isspinning ahead.

Financial analysts believe the COVID-19 willacceleratethe transition to electric vehicles.