Range anxiety? Pfft. More like Range extraordinary.
At a minimum, the base model of the Tesla Model 3 is projected to have a range of roughly 215 miles. While Tesla has not yet detailed the various options that will be available for the Model 3, we expect that larger capacity battery packs will be an option, potentially increasing the range closer to 250 miles or more.
For comparison, the Tesla Model S is available with options ranging from 240 miles range (70D) up to 288 miles (90D). The 90 kWh battery pack in the 90D also shaves a second off the 0-60 time (down to 4.2 seconds) and bumps the top speed up by 11% to 155mph. Of course, you'll pay for the privilege — the jump from a 70D to a 90D is an extra $13,000.
Now, we don't expect the Model 3 to have nearly the same performance or price differential that the Model S has, and so an increase in battery capacity might not come with improved performance. Still, a large portion of the cost of a Tesla is tied up in that battery pack, so getting additional range will still be a costly upgrade — Tesla CEO Elon Musk indicated he expects the average Model 3 price with options will be around $42,000.
That said, if your battery doesn't quite have enough juice in it, you can always charge it up! Tesla's network of Supercharger stations will be able to provide a full charge for the Model 3 in roughly one hour, while slower "destination" chargers at shopping centers, hotels, and installed in your garage will replenish your car's battery over the course of several hours (a 40-amp charger would take roughly 15 hours to completely recharge the base 215-mile Model 3).
Of course, your mileage may vary, as they say. Driving the Model 3 hard up and down hills will drain the battery faster, while stop-and-go city driving will actually offer a longer range thanks to regenerative breaking that recoups some of the energy lost in stopping the car to recharge the battery pack.