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