The thing about the EPA range though is that it's a mixture of driving. If you're on a trip, the constant speed range is likely more real I'd think.
For the 85, assuming 90% charge which I think is normal, I get 248 mi @ 65 mph, which makes it 199 mi after the battery is down to 80% after maybe 7 or 8 years (I hope).
For the 60, same assumptions, I get 175 and 140.
I suspect the 60 will lose a bit more capacity % simply because it will go through more charge cycle equivalents over time.
I also did some guesstimates of what a new battery would cost after 8 years. Assuming battery costs come down at 7%/yr and the current Tesla price is about $500/kwh, after 8 years a new 85 kwh battery would be about $22K.
Now, if a used 85 kwh battery, then at 80% capacity (68 kwh) could be sold for 50% of the price of a new battery with 68 kwh capacity, it would fetch about $8800, so the final cost for the replacement would be about $13K. That would be a good deal for someone replacing their 60 kwh (then 48 kwh) battery and for the seller as well.
I think the 40 kwh batteries are not going to work out very well in the long run. However, if battery prices come down faster than expected, those owners may have the last laugh in the end.