NEW YORK (TheStreet) -- The broader market finished slightly lower in Tuesday's trading session. Tesla Motors (TSLA - Get Report) CEO Elon Musk, called his stock a "good deal" near current levels and addressed the Model S fire issue.

On CNBC's "Fast Money" TV show, Steve Grasso of Stuart Frankel & Company said TSLA needs to hold $140. If it fails, then $125 will be the next level of support, followed by $105. 

Tim Seymour, managing partner of Triogem Asset Management, said the company has to increase its production 60-fold by 2025 in order for its valuation to be justified. He added that many investors are assuming there won't be much competition either, which is not likely. 

Brian Kelly, founder of Brian Kelly Capital, said if most of the institutional investors have stepped out, he wants to buy the stock before they get back in. He added that eventually the momentum will return, but investors need to wait for a strong intraday reversal. 

Efraim Levy of S&P Capital IQ was a guest on the show and said the company shouldn't recall the Model S, because the fires don't seem to be an issue. He reiterated the car's top safety rating and likes the company, but believes the stock premium is too high. His firm has a sell rating with a $140 price target. 

Switching to technology, Seymour said he likes Yahoo! (YHOO) because of its large stake in Alibaba, which is expected to IPO in the near future. 

Kelly said investors can buy Intel (INTC - Get Report) because of its solid dividend yield. He added that higher interest rates shouldn't hurt the stock that much. 

Grasso said Hewlett-Packard (HPQ - Get Report) can continue to go higher amid potential 3D printing acquisitions and its cloud business.

Guy Adami, managing director of, said Cisco Systems (CSCO - Get Report) isn't very interesting, but could move up to $25. 

Hedge fund manager Dan Loeb announced a long position in FedEx (FDX - Get Report) and Adami said he likes the story going forward, despite the run in share prices. Kelly added that investor could use $130 as a stop-loss target. 

Mike Khouw, managing director and primary strategist at DASH Financial, said lower fuel costs would benefit FDX, but warned that it is trading roughly 10% above its historical valuation. 

Kelly said investors should buy the WisdomTree Japan Hedged Equity Fund ETF (DXJ - Get Report), which is long Japanese equities and short the Japanese yen.

Seymour added investors could buy the U.S. dollar and short the yen. He warned investors to be careful of Japanese politics. 

American Air Lines (UAL - Get Report) and U.S. Airways (LCC) came to a merger agreement, through the Department of Justice. Adami said JetBlue Airways (JBLU - Get Report) is his top pick and Kelly said he likes Delta Air Lines (DAL - Get Report), but noted there's a lot of investor interest in the stock. 

Grasso said investors will likely get a chance to buy Twitter (TWTR) in the mid-$30's. 

Seymour said some sort of M&A deal will likely be reached between Men's Wearhouse (MW) and Jos. A. Bank Clothiers (JOSB).

Jim O'Shaughnessy, chairman, CEO, and CIO of O'Shaughnessy Asset Management, was a guest on the show who said equities will likely be the best performer over the next five to ten years. He added that bonds seem like a great short-selling opportunity, but the Federal Reserve makes it hard to do that. He added that investors should continue buying the pullback in equities and he likes Seagate Technology (STX - Get Report). 

Seymour said equities aren't in "bubble" territory yet, but is the only place investors can really go in such a low-interest rate environment.

Khouw noted the unusually high put volume in Kohl's (KSS - Get Report), a stock he did not like because its near 52-week highs and is trading higher than its historical valuation. 

Potbelly (PBPB - Get Report) reported better-than-expected earnings and Josh Brown, a financial adviser at Ritholtz Wealth Management, said investors looking for a long-term growth stock could look at PBPB. 

News Corp. (NWSA - Get Report) was the first company on the show's "Pops & Drops" segment and Khouw said the he would avoid the stock. 

Western Refining (WNR) jumped 9% and Grasso said the stock could continue higher on short-covering. 

Sotheby's (BID - Get Report) popped 2%, but Kelly suggested longs sell their position, based on the stock's intraday price action. 

Xerox (XRX - Get Report) was up 4% and Adami said the stock could go up to $12. 

First Solar (FSLR - Get Report) fell 2% and Seymour said the stock should continue to go higher. 

For their final trades, Knouw and Adami were buyers of F5 Networks (FFIV - Get Report) and Kelly was a seller of the SPDR Gold Trust ETF (GLD - Get Report). Grasso was a buyer of YHOO and Seymour said to buy VimpelCom (VIP).

-- Written by Bret Kenwell in Petoskey, Mich.

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Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.