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Fisker (NYSE: FSR) stock price has been in a downward spiral for the past couple of years. The stock of the successor to Fisker Automotive has continued its plunge in 2023. Since the start of 2023, the shares are down 31%, and there are no signs of any reversal. Consequently, Fisker stock price prediction is looking quite bearish. What is Fisker Stock? Fisker Inc. is an American automotive company that Henrick Fisker and his wife founded. The company is the successor to Fisker Automotive, whose assets were sold to Wanxiang Group in 2014 after its battery supplier went bankrupt. Fisker stock was listed on New York Stock Exchange after a SPAC merger in July 2020. The reverse merger was completed in October 2020. Since then, the stock has been trading on NYSE under ticker FSR and has been in a tailspin. Fisker Stock Latest News According to the latest Fisker news, the company has started the delivery of its much-awaited Ocean One SUV in the United States. As per the reports, 22 vehicles have been recently delivered to Los Angeles from EV-maker's manufacturing facility in Austria. The deliveries in Europe already started a month ago. Fisker Chart Fisker share price chart is not for the weak of hearts. The stock has plunged to its lowest level in history this year. Many other companies which got publicly listed in 2020-2021 are also showing a similar sell-off in their stocks. Fisker Inc. stock is trading 84% below its 2021 all-time high of $32. Fisker Stock Price History Fisker Stock Forecast Today NYSE: FSR is currently almost 42% down from its yearly high. The stock has been in a tailspin since the start of the year and dropped to its lowest level in history. Currently, Fisker share price is retesting the May 2023 lows, which lies around $5 level. A break of this level can tank the price to a fresh all-time low. Fisker Stock Price Prediction 2023 Technical analysis of FSR stock chart reveals that the most critical level on the chart is the key psychological level of $10. This was a previous support level that has now turned into a strong resistance level. My Fisker stock price prediction for 2023 will remain bearish until the shares break above the $9-$10 supply zone. A major reason behind the tanking FSR price is the more-than-expected delay in the deliveries of its much-awaited SUV, Ocean One. The all-electric SUV aims to be the most sustainable SUV in the world, developed from ethically sourced materials. NYSE: FSR Chart Fisker Stock Price Prediction 2025 It is too early to predict the price action of the stock of a nascent EV company. While Fisker Inc, is a successor to Fisker Automotive, it still has launched only 1 product in the market i.e. Fisker Ocean One SUV. While there are other vehicles in development, it will be very tough for the EV maker to compete with the likes of Tesla. Fisker Stock Price Prediction 2030 By 2030, we can expect Fisker Inc, to have launched many new vehicles. The market response and the reliability of these vehicles will determine the valuation of the company at that time. If the company manages its cash reserves and liabilities prudently, then Fisker stock price prediction 2030 could be very bullish. It is quite likely that the shares break above their all-time high of $32 in the next seven years. https://www.youtube.com/watch?vNyCWZNVN4W0&ppygUMZmlza2VyIHN0b2Nr Where Will Fisker Stock Be In 5 Years? Fisker stock price prediction for the next 5 years is anybody's guess. My outlook on the asset will flip bullish once it breaks above the $10 level and flips into support once again. This can trigger a major rally in the shares to retest the next resistance of $14.70. Why Is Fisker Stock Dropping? The negative price action of Fisker shares comes as no surprise. The stock got listed by a SPAC merger, which appeared to be a desperate move for a cash grab. I reckon it was too soon for such a nascent company to list publicly. Such early-stage companies often carry a very a risk to reward ratio, but their success rate is very low. How To Buy Fisker Stock? Many online brokers currently allow you to buy Fisker stock. In fact, there are multiple ways to gain exposure to the stock of the innovative electric vehicle company. Popular online brokers and platforms include Robinhood, TD Ameritrade, IG Prime, Fidelity etc. If you intend to accumulate the stock for the long term, then you must closely watch the sales and market feedback on the Fisker Ocean One SUV, which will be on the streets very soon. Conclusion At this point, I think it is too soon to bet on the Fisker stock for the long term. It is better to wait till the company releases more vehicles. A good idea could be to wait for the stock to break above the $10 resistance, which is shown on the charts. In fact, even a bigger bullish reversal signal will be a weekly closure above $14.7. However, it appears unlikely to happen any time soon under current market conditions.