Tesla shares slid by more than 9 percent on Thursday, a day after CEO Elon Musk warned sales might come in lower than expected for the year.
But the company lowering its sales guidance from 55,000 vehicles to as low as 50,000 isn't as much a sell signal as it is a "wait and see," according to Tigress Financial Partners CIO Ivan Feinseth.
"It's still hard to buy the stock at the current levels," he told CNBC's "Squawk on the Street." "I think you want to see all of the processes line up—the ability to introduce new models, to bring them out on time, to meet demand and hopefully demand remains strong."
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