What makes me nervous is he says "doesn't feel like a weird-mobile" not that it won't look like a weird-mobile.
Long time lurker on the forums, first post here.
I think it's important to consider the timeline of Elon's comments regarding the Model 3 design/styling. And please, correct me if I'm wrong:
January 6, 2015 - Elon's Reddit Q&A -
Someone asked if Elon could provide any information about the Model 3 and Elon said "it wont look like other cars."
January 13, 2015 - Automotive News World Congress in Detroit -
Elon said, "[The Model 3] will be way different from any other car on the road, but in a way that's really useful and just doesn't feel like a weird-mobile."
***I cannot find the video at the moment, but I recall an interview where Elon talks about Tesla being undecided as to whether the Model 3 should be adventurous (as Elon stayed in the above interviews) or more of a familiar design to prevent delays, but I can't find the video..
February 11, 2015 - 4th Quarter Earnings Call (43:52 minute mark) -
Elon went on to describe how the FWDs and second row seats caused the Model X to be delayed, but "with the Model 3, we want to have a super high volume... It would make more sense to sort of go with something we know people are gonna love.. We know that's going to be incredibly beautiful and functional and an amazing car and... innovate on that platform with future innovations where we can put aside any schedule or volume constraints."
From this point forward, I have not heard Elon or Tesla say that the Model 3 will look different from other cars or walk the line of the weird-mobile. Based on the above info, my best guess is the Model 3 will be a sedan (hatchback like Model S), but have more aggressive design elements. It won't be as simple as a shrunken down S, but it won't be a weird-mobile. Tesla has too much riding on the Model 3 to gamble the future of the company and its mission.