$500 Tesla Model S for kids coming in May

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The Tesla Model S is a fully electric luxury performance sedan that can reach speeds of 0-60 mph in fewer than 3 seconds.

It comes with a $70,000 price tag.

Now a version is available for children.

While the Tesla Model S for children has a similar rechargeable lithium ion battery power plant, it won't reach the top speed of its full-size version.

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Tesla built the car with Radio Flyer and is offering the roughly 40-pound vehicle for $500 starting in May. It is customizable, with three paint colors available and two wheel options. It has working headlights, storage space in the trunk and a sound system.

The car is designed for children ages 3 to 8 and weighing up to 81 pounds.

This Model S has two speed options. It can go up to 6 mph or a parent-limited speed of 3 mph.