What did Henry Ford's first car lack that we now expect?

Henry Ford's first vehicle rode on four bicycle wheels and was powered by a four-horsepower engine. Instead of a steering wheel, the Quadricycle had a tiller. The gearbox had only two forward gears with no reverse. In 1901, Ford designed the 26-horsepower Sweepstakes and defeated Alexander Winton's 70-horsepower Bullet in 10 laps around the one-mile oval of the Detroit Driving Club. The victory led to Henry Ford's second short-lived attempt at auto manufacture, the Henry Ford Company.

Source: Ford.com