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.
Copyright © 2020 CGTN. Beijing ICP prepared NO.16065310-3