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Elon tweets assuming $42k average price...

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Hmmmm, this could be a good thing. Bigger battery seems to be one of the most desired add on options, so for the average price to still be that low, I'd assume that means that the battery options are fairly reasonable compared to the S ($12k increase). I could be off base with that assumption though.
 
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This seems a good thread to estimate options prices.
Base car $35K
Model S price change from 70 to 90 battery: $13K
AWD (Model S): $5K
Paint premiums (Model S): $1000-$1500
Premium Interior (Model S): $3000
Carbon Fibor Decor (Model S): $1000
Autopilot Enabling (Model S): $2500
Navigation System : $1000
Always on Cellular Connection: $500
Smart Air Suspension (Model S): $2500
Upgrade Sound System (Model S): $2500
Cold weather package (Model S): $1000
Upgraded Wheels (Model S): $2500-$4500

I could see some of these scale down and I added a couple things that may not be included like they are in Model S and gave them a price.
 
This seems a good thread to estimate options prices.
Base car $35K
Model S price change from 70 to 90 battery: $13K
AWD (Model S): $5K
Paint premiums (Model S): $1000-$1500
Premium Interior (Model S): $3000
Carbon Fibor Decor (Model S): $1000
Autopilot Enabling (Model S): $2500
Navigation System : $1000
Always on Cellular Connection: $500
Smart Air Suspension (Model S): $2500
Upgrade Sound System (Model S): $2500
Cold weather package (Model S): $1000
Upgraded Wheels (Model S): $2500-$4500

I could see some of these scale down and I added a couple things that may not be included like they are in Model S and gave them a price.

So just based on the Model S battery upgrade, Elon's number means either that (1) he doesn't anticipate the average 3 buyer will upgrade the battery or (2) it will be much cheaper to do so than in the S.
 
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The existence of the Model 3 is predicated on significantly lower battery costs, plus an increase of 30% in battery size will add less additional kWh since base battery size of Model 3 will be smaller than for Model S. Between these two effects, I think we can expect a battery upgrade in the Model 3 to cost roughly half of what it has been for the S.
 
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The existence of the Model 3 is predicated on significantly lower battery costs, plus an increase of 30% in battery size will add less additional kWh since base battery size of Model 3 will be smaller than for Model S. Between these two effects, I think we can expect a battery upgrade in the Model 3 to cost roughly half of what it has been for the S.

Maybe a lineup something like this?:
$35,000 Model 3 60 (~280hp, 230mi)
$39,000 Model 3 60D (~300hp, 245mi)
$41,000 Model 3 70 (~280hp, 270mi)
$45,000 Model 3 70D (~350hp, 275mi)
$50,000 Model 3 P70D (~450hp, 275mi)
$60,000 Model 3 P70DL (~550hp, 270mi)

I wouldn't be surprised for the base model S pack to be upgraded to 85KWh, and the premium pack to go to 100KWh. An 85KWh pack produced at the gigafactory will probably cost less than the 70KWh does today.