"The big news is that more and more people are opting to trade their Teslas for an EV from a legacy automaker"
This might be me in a few years. Tesla stopped being innovative years ago. No surprise, its CEO is high on drugs most of the time and spends his days (and nights) posting childish memes.
(edit: looks like $99/month now instead of a flat charge?)
The more realistic assessment is that the path of innovation approaches a limit. Tesla was first to market, after that there’s not much left to innovate other than fusion powered cars.
Tesla created the market and they are losing first mover advantage as competitors move in and set up shop. The market is saturating and this is actually expected.
???
Totally disagree. Just one example: Tesla has only two global mass market models (3+Y). There is plenty of room to innovate on this topic alone. Model 2? Model whatever. Nothing new in years.
Tesla has been innovating on battery tech. Improving performance, efficiency and staying power instead of working on gimmicky features that are more for marketing.