Electronic vehicle company Tesla is no longer making EVs just for grownups.
Tesla Inc.
TSLA,
rolled out the “Cyberquad for Kids” on Thursday — a four-wheel all-terrain vehicle (ATV) for children ages 8 and up that resembles the company’s Cybertruck — for a cool $1,900.
Sounds rich? Tesla’s website indicates that the Cyberquad for Kids already sold out. The electric quad bikes were restocked at some point on Thursday, and subsequently sold out again.
Features include a full steel frame, cushioned seat and adjustable suspension with rear disk braking and LED light bars, according to the product description. The Cyberquad for Kids is powered by a lithium-ion battery, and can reach speeds up to 10 miles per hour.
The Cyberquads should ship within two to four weeks, but Tesla noted that orders are not guaranteed to arrive before Christmas.
The OG Cybertruck proved similarly popular, even though some on social media mocked the angular design when Elon Musk first revealed it in 2019. The Tesla CEO tweeted at the time that the company racked up $20 million during the first three days of Cybertruck pre-orders.
Musk has sold about $9.85 billion worth of Tesla shares since Nov. 8 ,and has recently stated that he would be joining the company’s fourth-quarter earnings call in January to talk about Tesla’s supple chain issues.
Musk announced his intention while responding to a tweet on Twitter
TWTR,
“This year has been such a supply chain nightmare [and] it’s not over! I will provide an updated product roadmap on next earnings call.”
Tesla is up 52.69% YTD, compared to the S&P 500
SPX,
which has risen 21.93% over that same period.
This post was originally published on Market Watch
