Krugerrand
Meow
To me this is just as much vapourware as other concept cars until I see it in production.
Safety is easier on larger cars. Making it smaller means less crumple zones. Also using Alumnium can have had some benefits here which the Model 3 won't have.
Low drag will also won't be easier on a smaller car and also stands in contrast with a great looking car and safety.
Then you have the lower price which also limits you in materials and manufacturing methodes.
There will be compromises.
Elon will not compromise on safety. The car will have a very low drag coefficient. Tesla has always been very creative in solving problems. You are free to think Model 3 is vaporware, but at this point you'd have to either not have been paying close enough attention to what's happened or asleep.
- - - Updated - - -
True but aluminum is lighter.
Requires less horsepower to move the car.
Requires less robust suspension components to uphold the car.
Less prone to metal fatigue and much less prone to rust making the vehicle more durable.
These are benefits that make aluminum inherently more valuable.
There is this little thing called high strength (low-alloy) steel. That would fit the bill perfectly between aluminum and conventional steel.