No, "notepad" is a good name in a way that "text editor" is not, and Notepad has the advantage that it has been present in Microsoft Windows since two years before the first version of Windows, so nobody is going to call a different Microsoft Windows text editor "Notepad".
You might object that, when it was first released, before Windows, it was not the first text editor on the operating system, which was MS-DOS, and so "Notepad" might have already been too generic even then. Microsoft would have agreed with you, because that version was called "Multi-Tool Notepad".
You might object that, when it was first released, before Windows, it was not the first text editor on the operating system, which was MS-DOS, and so "Notepad" might have already been too generic even then. Microsoft would have agreed with you, because that version was called "Multi-Tool Notepad".