Sure, that's on par with base $25K Camaros/Mustangs. It's not on par with the sort of Camaro/Mustang one can procure for ~$50k or the same price as a Model 3 that isn't barebones (and I just tried to config one on Tesla's web site and alas you can't so I can't give an exact number here).
For ~$50K, ICE sports cars are sub 4 seconds. That said, it is on par with low-end sport coupes so I see some of the appeal. It's just not appealing to me.