My neighbor has a Tesla, sold his twin turbo Porsche to get it, says it totally sh*ts all over the Porsche. A Tesla beats a V8 supercar in a straight quarter mile quite easily.
Thing is though, there are a lot of existing cars on the road good for another 20+ years that would not be immediately discarded even if electric cars halved in price tomorrow.
Even if say Beijing and/or India ban IC engines there are plenty of other places in the world these cars will be shipped off to, they are not just going to be crushed and even cost of electric conversion/retrofitting is unlikely to be viable.
Most likely scenario in my opinion is a transition over the next 20-30 years to a significant portion of electric vehicles, but there will still be a place for IC engines for many decades yet.
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