Fast Money Traders Share Their Auto Sector Trades

CNBC Fast Money's Tim Seymour said on the show that he sees a buying opportunity in Ferrari N.V. RACE.

Steve Grasso thinks that if the market is pricing in a recession, investors should not buy the auto makers. He is not a buyer of General Motors Company GM and Ford Motor Company F.

Guy Adami believes that Tesla Motors Inc TSLA is going to drop below $180. He explained that a triple bottom pattern appears rarely.