Earlier quoted context omitted.
Do they move fast, though? The Model S is ancient history now, and the Model X is aging too. Both models are in need of a successor.
I once read an opinion that stated that Tesla will eventually lose because they don't continually introduce new or updated models (say, every year) like other car brands do, and that person thought that they will lose customer favor because of it because their cars will be "the old thing" with no "new thing" available. In other words: Cars are fashion too, and Tesla only has one entry in each category. It's a good en…
While unlikely to be that person, haha, I have mentioned that before. And I think the fashion argument is just one part of it. This whole time, it has showcased a hole in Tesla's capability. They simply aren't able to iterate their fleet. Look at Kia and Hyundai. They have dozens of models across all sorts of markets, and they were able to waltz into the EV market with immediate success. They already have more EV and hybrid models than Tesla's EV models and are quickly adding more. There's also an argument that hybrids are a growing, relatively untapped market sector, something Tesla is unlikely to be able to expand into.