It's to the right of your steering wheel so you can see it and touch it with your hand.
The screen should not be essential to use to drive safely. No brakes, speed changes, turn signaling, etc. These should be tactile, so you can use muscle memory and focus on the traffic. Obviously any screen can also be distracting, so it's important that it is designed well and thoroughly tested.
Paying attention to your speed, means not paying attention to the road. No matter where the dial is. Checking your speed is not something you need to do to drive safely. A responsible driver can pick a safe moment to glance.
My car has its entertainment display roughly where the display is on a model 3. I can tell you that looking at the speedometer is much much quicker than glancing over to the screen in the middle. Probably by an order of magnitude or two. Even checking the clock takes a dangerous amount of time compared to checking my current speed, the difference is that drastic.
Further more, the instrument cluster is designed specifically to be easy to read and driver oriented, Porsche’s habit of putting the tachometer in the middle comes to mind. The center console has to support many more activities, including entertainment, and is thus much more distracting by design. This is true on my car, and the center screen is much simpler than a model 3.
HUDs aren’t exactly exotic supercar material these days. The Honda Accord Touring (MSRP $33k) has one standard. Now that’s the top level trim for that model, but it’s also in a much lower market segment than the model 3.