That depends on where (if) the luxury competition needs to catch up. Tesla's differentiator is the electric powertrain. If they can stay ahead of the competition through technology (not large LCD's, etc), then they may have a chance.
Some people say that Tesla is the "Apple of transportation", and that Tesla can achieve success as Apple has with their design and user experience. I don't see it, however. If that was so, their differentiation would be more about industrial design and experience, and not the technology. But, as I said previously, if you put a traditional engine in a Tesla, you have a quirky luxury car manufacturer with little advantage over the more established (and experienced) competition, but with non-trivial competitive disadvantages.
Some people say that Tesla is the "Apple of transportation", and that Tesla can achieve success as Apple has with their design and user experience. I don't see it, however. If that was so, their differentiation would be more about industrial design and experience, and not the technology. But, as I said previously, if you put a traditional engine in a Tesla, you have a quirky luxury car manufacturer with little advantage over the more established (and experienced) competition, but with non-trivial competitive disadvantages.