So I've been trying very hard to imagine what Harley management was thinking while developing the LiveWire. Here are a few thoughts I've had.
1) They know they have to do SOMETHING. Their problems are severe to the point where the company is in danger of going under. They've played out all the tricks in their bag.
2) They're not going to be able to compete with Honda, Yamaha and the like making sportbikes. They've never made sportbikes and aren't known for that.
3) They're not going to be successful in the cruiser or touring genres, either. They're currently getting their asses kicked in those areas.
4) Most industry analysts, even EV haters, recognize that the automotive industry is going to be mostly electric at some point. That MAY BE true for motorcycles as well.
5) Harley has always been able to sell bikes at a premium, even bikes that don't have great performance, reliability or tangible value.
6) That would seem to show that there's a perceived value in a bike just being a Harley, or perhaps intangibles such as styling, sound, riding position. The cool factor, in other words.
7) Harley THINKS they haven't lost that perceived value yet, and just need to recapture it in a different direction.

The ability to turn heads in public is a very important, very underrated factor. "Oh, it's that electric Harley!" Very few people say that about a Zero.
9) One big advantage they do have is a mature dealer network. You can always find one, and if they can get CCS in most of them, that gives them a solid charging infrastructure, in addition to never being too far away from being able to get service.
10) CCS is very cool, especially to those of us familiar with EVs. It's a big advantage, to the point where I'd very seriously consider an Energica for my next bike.
So to sum up, price and mediocre performance have never been big problems for Harley. Their biggest assets have always been a good dealer network so you're never too far from service and/or parts, and the intangibles.
I'm still very, very skeptical, but starting to see at least some sort of sensical business case for this bike. I think maybe the most important thing is item number 8 -- when a few of them get out there, are people going to start recognizing them and lusting after them?