Radio Flyer to Sell Children's Tesla

Courtesy of Radio Flyer
Radio Flyer's miniature Tesla

The venerable maker of little red wagons will roll out a $499 battery-powered version of the Model S in May.

A Tesla kiddie car is on its way. And just like a real Tesla, you can lay down a deposit for one now and wait months for delivery.

The Radio Flyer Model S, developed in conjunction with Tesla, is a faithful replica of the iconic sedan, with a scaled-down 140 Wh lithium ion battery, working headlights and a sound system.

The car, which is intended for children between 3 and 8 and has a top speed of 6 mph, is also purchased in a manner that echoes buying an adult Tesla, right down to checking off options -- premium wheels, a more powerful battery -- that effectively doubles the price to $800.

"This baby Model S is really quite fun," Tesla CEO Elon Musk posted on Twitter.

Last summer, Mattel introduced an official Hot Wheels version of the Model S that sells for $1.09

The child-size Model S arrives as Tesla is readying the Model 3, the company's attempt to build a smaller, mass-market car that will be unveiled in March priced at $35,000 before federal and state tax credits and is scheduled to go on sale in 2017.