Well, Harley-Davidson (HOG) - Get Report just got good news: Tesla (TSLA) - Get Report is ceding it the electric motorcycle market.

"We won't do motorcycles," Tesla CEO Elon Musk said at the company's annual shareholder meeting Tuesday. Musk said he was almost run over by a truck while riding a dirt bike as a kid, which is why Tesla won't be getting into the bike business.

Bike king Harley is obviously thinking something completely opposite.

Harley-Davidson CEO Matt Levatich told TheStreet in April the company remains on track to bring its first-ever electric hog to market in 2019.

Said Levatich:

"We are progressing to that plan and we are excited about that product. We continue to see electric vehicles as a tremendous opportunity. These motorcycles are easier to ride than bicycles, they lend themselves to urban environments where our product is maybe less targeted or less suited. They are suited to a generation of people that don't have the mechanical depth of experience that maybe boomers had with manual transmissions and clutches."

To assist in its electric bike ambitions, Harley revealed an investment in Alta Motors in March. Alta is an electric motorcycle manufacturer.