However, in the long term, I think that Tesla is doing the right things to essentially close the gap with ICE (Internal Combution Engine) vehicles, in terms of upfront cost, as well as guarantee the ability to scale production of batteries for several million EV being produced worldwide in a few years.
Electric vehicles are a feature. There is no moat protecting Musk from competition, and GM/Ford/VW have the manufacturing prowess to annihilate his margins in the open market.
It's all about manufacturing, and Tesla is not a world leading manufacturer at all. They've missed countless self-imposed production targets meanwhile the car companies that they're competing against regularly produce anywhere from 1,000% to 10,000% more cars.
What's to stop GM & Ford from adopting electric and dominating Tesla? Nothing, and this is already in motion.
A smooth UI on Tesla's dashboard screens is not a moat.