Tesla Nearly Exceeds 114-Year-Old Ford's Market Value

Electric automaker, Tesla, has increased its value to 30 percent after it reported its full-year earnings on Wednesday which was worth $44.6 billion ahead of trading, a mere 12 percent behind Ford at its current valuation which was $49.9 billion.

About a year ago, Ford was worth twice as much as Tesla.

Ford, considered one of the world's iconic automakers founded by Henry Ford, evaded bankruptcy in 2009, which most of the automakers failed to avoid in that same year such as General Motors and Chrysler.