Agreed. The base battery for the 3 only needs to be enough to go just over 200 real world miles (excluding extreme weather conditions). Tesla is applying a decade of market research and EV experience and concluding that is an adequate range for a majority of potential buyers at the Model 3 price point. Of course many people want more range, and there will be an optional higher capacity battery. I'm expecting it will provide over 250 miles of real world range.You'd better believe the Model 3 will have the highest range/performance economically feasible for that price point targeted to the most consumers possible, not just the rich ones. This car is supposed to appeal to the masses and compete against ICE cars at a similar price point, not the Model S.
We are not yet at the point in battery evolution where a 300+ mile range battery can be offered at an affordable price for the average car buyer. Give it another 5 years and that may well be possible. In 10 years, definitely.