They did not announce anything - this is just clickbait trash. In November 2020 Elon said this "In Europe, it would make sense to do a compact car" If HN want

They did not announce anything - this is just clickbait trash. In November 2020 Elon said this "In Europe, it would make sense to do a compact car" If HN wants to run with this as a June 2021 announcement of a $25K hatchback go for it, but there has been nothing of the sort announced, this is just conjecture on old tweets. Some kind of SEO optimization I think to do "just announced" - seeing it more lately so it must be working.