Hello and welcome to Market Domination. I'm Josh Lipton live from our New York headquarters. Just now to go now until the closing bell on stocks, they are falling as investors digest the flood of earnings and there's a big rotation out of tech.But first, we're diving into the latest in Disney's long awaited succession plan. Disney making it official. Company naming Josh Dearo, its next CEO taking over for Bob Iger later this year.Tomorrow oversees the parks and cruises business which has been a key profit d ...

Core Insights - Hyundai has launched the 2026 Palisade three-row flagship SUV with a starting MSRP of $38,935, featuring significant improvements in size, capabilities, and technology compared to its predecessor [1][5][20] - The new model includes a hybrid variant with a 2.5-liter turbocharged engine, targeting up to 34 mpg and an estimated driving range of over 600 miles, starting at $43,660 [5][15] - The introduction of the XRT PRO model enhances off-road capabilities, featuring specialized hardware and design elements for rugged performance [17][18] Pricing and Models - The 2026 Palisade is available in various trims with the following starting MSRPs: - SE FWD: $38,935 - SEL FWD: $41,440 - Limited FWD: $49,270 - Calligraphy FWD: $54,060 - SE AWD: $40,935 - XRT PRO AWD: $49,370 - Hybrid Blue SEL FWD: $43,660 - Hybrid Limited AWD: $53,490 [3][6][14] Design and Interior Features - The new Palisade features a bold design with a commanding presence, including a distinctive front grille and improved aerodynamics with a drag coefficient of 0.31 [7][8] - The interior is larger, with a horizontal dashboard layout and innovative Relaxation seats for enhanced comfort during long journeys [9][10] Technology and Safety - The 2026 Palisade includes advanced safety features such as a built-in Dash Cam, ten airbags, and Hyundai's SmartSense suite of active safety technologies [10][16] - New convenience technologies include Digital Key 2.0 Premium, Wi-Fi hotspot capability, and wireless Over-The-Air (OTA) updates for software enhancements [11][12][13] Powertrain Options - The internal combustion engine (ICE) variant features a 3.5-liter V6 engine producing up to 287 horsepower and a maximum towing capacity of 5,000 pounds [14][15] - The hybrid variant combines a 2.5-liter turbocharged engine with electric motors for a total output of up to 329 horsepower and a towing capacity of 4,000 pounds [15][24] Off-Road Capabilities - The XRT PRO model is designed for off-road enthusiasts, featuring enhanced ground clearance, all-terrain tires, and specialized terrain modes [17][18] - Key features include an electronic rear limited-slip differential, improved approach and departure angles, and recovery hooks for rugged adventures [18][23] Production and Availability - The 2026 Palisade is manufactured in Ulsan, South Korea, with ICE models expected to arrive at dealers soon and hybrid models available in early fall [20]

Core Insights - Jeep has unveiled the new Cherokee SUV, which is expected to aid in the brand's turnaround when it launches later this year [1] - The new Cherokee will offer a hybrid powertrain option, although the specific type (traditional hybrid or plug-in hybrid) has not been disclosed [1] Group 1: Product Details - The all-new Jeep Cherokee aims to enhance product offerings, innovation, and customer choice, according to Jeep CEO Bob Broderdorf [2] - The pricing strategy for the Cherokee is competitive, targeting the largest vehicle segment and positioned between the Jeep Compass and Jeep Grand Cherokee [2] - The entry-level model of the 2022 Cherokee started around $30,000, while the current Jeep Compass is approximately $27,000, and the 2025 Grand Cherokee starts at about $36,500 [2] Group 2: Production and Location - The company has not disclosed details regarding the production location of the new Cherokee [3] - Analysts and union officials anticipate that the new SUV will be produced in a plant in Mexico, a decision made prior to the election of President Donald Trump and amidst ongoing automotive tariffs of 25% on imported vehicles into the U.S. [3]

Financial Data and Key Metrics Changes - Net cash used in operating activities for Q1 2025 was approximately $30 million, with guidance for the year unchanged at approximately $110 to $125 million [42][48] - The company closed the quarter with approximately $90 million in cash and cash equivalents [43] Business Line Data and Key Metrics Changes - The hybrid aircraft program represents a significant market opportunity, with a range of over 1,000 miles, targeting defense and commercial operations [6][22] - The battery systems are expected to generate a 50/50 revenue split between aircraft and battery sales by the 2030s, with a gross margin of over 40% for batteries [23][80] Market Data and Key Metrics Changes - The company is positioned to serve the full global market by certifying to the highest aviation standards, with ongoing discussions for certification in the US, Middle East, and Asia [87][88] - The hybrid aircraft's capabilities are expected to open up new opportunities in regional air mobility, with a payload capability of over 1,100 kilograms [70] Company Strategy and Development Direction - The company launched its Flight Path 2030 business strategy, aiming to lead the eVTOL sector by the end of the decade with a clear roadmap and certification timetable [7][8] - Partnerships with Honeywell for flight controls and aircraft management systems are expected to enhance production efficiency and safety [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving certification goals by 2028, with significant progress in flight testing and regulatory approvals [41][44] - The company emphasized the importance of safety and compliance with rigorous certification standards, which are seen as critical to market acceptance [86][99] Other Important Information - The company announced the addition of three new directors to strengthen governance and strategic leadership [21] - The hybrid powertrain will be integrated into the existing airframe, with flight testing planned for Q2 2026 [60] Q&A Session Summary Question: Impact on cash spend and cash burn due to hybrid announcement - Management indicated that the development of the hybrid powertrain was already included in previous cash spend projections, with no change to guidance for the year [47][48] Question: Certification requirements for hybrid VTOL - The hybrid product will be certified as a separate aircraft, likely around the same time as the electric VX4, with a full-scale piloted hybrid aircraft expected to fly in Q2 next year [52][53] Question: Integration of hybrid powertrain into existing airframes - The hybrid powertrain will be integrated into an existing airframe currently under construction, with initial flights as an all-electric aircraft [59][60] Question: Expectations for wing-borne testing - Wing-borne testing is expected to begin in Q2 2025, marking a significant milestone for the company [68] Question: Commercial opportunities with hybrid propulsion - The hybrid aircraft is expected to expand capabilities into regional air mobility, with potential interest from airlines for short regional flights [70] Question: Battery business model and revenue generation timeline - The battery business is expected to follow a razor-razor blade model, with significant revenue from battery sales anticipated within a few years after launch [80][81]