Tesla Model S is finally affordable if you're a rich child

If you can't afford a $95,000 Tesla Model S, there's a much cheaper option in works but be warned:it maxes out at about ten kilometres per hour.

That's because this Model S is for kids, which is why it only costs $499 US and comes with one seat that pokes out from the middle of the car.

According to the toy'swebsite, a charge on the regular battery only covers about nine and a half kilometres, meaning it doesn't make for a great commuter vehicle.

Additionally, it's designed for three to six-year-olds.

The miniature vehicle was built by Radio Flyer, commonly known as the company that makes the red toy wagon, also known as the Radio Flyer.

The nearly 100-year-old company makes scooters, tricycles and evidently functional model sports cars.

Just like the real electric vehicle, it runs on a lithium-ion battery, has working headlights and is Tesla CEO Elon Musk approved

Several Twitter users imagined what it must have been like to have the 44-year-old chief executive test-driving a car made for children

Despite it being for kids, grown adults have expressed interest in owning one

Others focused on the fact that this tiny car isa Tesla model they could finally afford

There were some concerns over insurance, however

And many expressed regret that it doesn't actually come with any of the Tesla's self-driving features

The Verge, however, pointed out that if your young child really wants to put pedal to the metal, they might be better off in an Arrow Smart-Kart.

That red sport vehicle comes with none of the decorative features of the Tesla Model S for Kids, but does go to the extreme speed of 19 kilometres per hour.

That is nine kilometresfaster that the average road speed of a bicycle in Copenhagen.

As for adults looking to own part of the tiny Tesla experience without spending almost $500(plus another$50 for the optional car cover), Tesla also sells roughly 28 centimetre long die cast models for $210 US.