Tesla is now worth more than Toyota, Disney and Coke

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

It brings Tesla's valuation close to $209 billion, overtaking Toyota, valued at $203 billion. 

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

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