Fast Money Traders Share Their Autos Picks

On CNBC's Fast Money, Guy Adami said it's hard to expect that General Motors Company GM is going to trade higher, when it failed to move up when the rest of the market was trading higher.

Adami believes there is more room on the downside in Ford Motor Company F after it dropped below $11. He would be a buyer of Tesla Inc TSLA if it pulls back on earnings. The company is going to report earnings on Wednesday.

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Tim Seymour thinks that General Motors is cheap and that a pullback in the auto sales cycle is already priced in.