Here's another relevant tweet, in regard to the aerodynamics he says of the cD:
hopefully 0.21
Compare with 0.24 on the Model S and X.
My own math on this subject... subject to error
The 85KWh Model S has a 265-mile EPA range based on 291Wh/mile, i.e., using up 77KWh to do 265 miles, and leaving 8KW behind (or 9% of the battery) for reserves.
If the Model 3 also used up 291Wh/mile, it would take 69KWh to travel 215 miles, assuming a 9% reserve.
But, with its narrower tires and improved aerodynamics and power electronics... let's assume the Model 3 can use as little as 250Wh/mile. (this is 55mph, level ground at sea level, etc. etc. per the usual range criteria for Model S).
It would use about 53KWh for 215 miles, and with 9% in reserve that would be a
60KWh battery.
If the Model 3 uses even less than 250Wh/mile - perhaps 200Wh/mile - it could go further, or require a smaller battery.