From my experience this weekend it doesn't appear to work that way. It looks like the first car to plug in continues to get whatever it needs to complete its charge, and the second car gets whatever is left over, regardless of its SOC.
This is correct, but the 2nd to plug in still has the limitations of their SOC. The car will not accept a rate that is more than what is safe for the battery. Tesla has designated the cars as Primary and Secondary. Unless the secondary plugs in shortly after the primary there is usually very little if any limitation for the secondary.