@bfuller24 Welcome to Tesla ownership!
Reset and reboot are different. You did a reboot.
You can do a factory reset of the car by going through menus to find that option which zeros-out everything and restores all car defaults. (It won't set the odometer back to zero miles though, sadly). You'd to a reset if you want to change lifetime averages, and any personal data, stored bluetooth and wifi settings, navigation targets, favorites, etc... when you sell the car.
You reboot the console by pressing buttons, like you did, in effort to clear up computational issues or various conditions of the car. It's not-so-amazing what a good ol' reboot will solve. Use it often, if in doubt of a glitchy behavior observed.
Sometimes console just crashes and reboots itself, giving you the big T. Mine crashed last week while coming out of listening to a podcast (tunedin).. and rebooted 3 times in a row all by itself. I was beginning to think the car was stuck in a reboot loop.. but it pulled out of it. Thank goodness.
Pressing the brake pedal when doing a reboot is just a thing Tesla throws in as a comment, it's not necessary... it's just safer to do when not rolling so you're not flying dark. The buttons do a reboot whenever you do that with them. It's the same "strength" of reboot, pressing the brakes, or not.
The car is still driveable while rebooting, but some convenience features like HVAC and signal indicator sounds won't be heard when blinking... because all that requires a working console. Another good reason to do it while parked.