HOG YTD mountain Harley-Davidson Jonas also said he's increased his optimism given Chairman and CEO Jochen Zeitz's focus on generating cash flow from the core motorcycle business, while simultaneously managing risks related to spun-off electric motorcycle maker LiveWire. Jonas said Zeitz's business has a "back to basics" approach that's proving useful amid lingering supply chain challenges and a changing consumer spending outlook. As for its electric vehicle work, Jonas said he's increasingly bullish on Harley-Davidson's move to focus on generating cash and capital allocation rather than on what he called EV projects that are "unprofitable and unproven."