Trump is the most pro-stock market president in history, Wharton’s Jeremy Siegel says

The expectation of continued tax cuts and deregulation under Trump is likely to continue driving market optimism, especially for growth-focused sectors, meaning stocks could continue to see upward momentum in the near term. However, potential trade tariffs may offset some gains if inflation concerns materialize.

Given the surge in confidence regarding tax cuts, large financial institutions are poised to benefit greatly from continued policy favorability under Trump. The expectation of decreasing regulatory burdens could enhance their profitability.

Tesla's strong performance reflects investor enthusiasm for companies closely aligned with Trump's business-friendly policies. As long as these favorable conditions persist, Tesla's stock may continue to rise.