E "We're not going to talk about the Model 3 or the Model X"
V "The Model 3 would be the $35,000 electric vehicle..
E "That's right"..
V "You're going to talk about something that's labeled D"
E "Yeah, D, and there's another thing..."
To me it seems clear he's referencing the upcoming announcement in this entire exchange, not the current interview, and he's flat out stating the upcoming announcement will not be about the 3 or the X. Sorry to dash all the "X"-pectations but I believe wishful thinking has clouded interpretation in this case.