Radio Flyer to sell Tesla Model S for kids

*There's a catch. It's for the kids.

The little red wagon from your childhood just got a major upgrade.

Radio Flyer, the company behind the iconic red wagon, is producing another cherry-red ride for children: the Tesla Model S.

Tesla and Radio Flyer have produced a Tesla Model S car for kids.
Source: Radio Flyer | YouTube
Tesla and Radio Flyer have produced a Tesla Model S car for kids.

The company partnered with Tesla to create the first kids' ride-on the runs on Flight Speed lithium ion batteries.

The little Tesla can cruise at speeds up to 6 miles per hour and features working headlights, a front-trunk, forward and reverse capabilities and a sound system.

The toy comes in three different colors — red, blue and silver — and customers can purchase accessories like license plates, parking signs and car covers online.

Radio Flyer's newest toy is slated to ship in May — the company is currently accepting pre-orders — and will retail for $499.