Tesla Model S for kids

It looks like a Tesla. Has an electric motor and clever battery technology like a Tesla. It even has customisation options like a Tesla.

But it only costs US$500 ($696). And has one seat. And is only for drivers that weigh less than 36kg.

Tesla has joined forces with toy maker Radio Flyer - the same company behind the iconic little red wagon - to build a Tesla Model S for kids. But unlike its rivals the toy Tesla boasts more modern battery technology and is available to be personalised.

The mini Model S is powered by a lithium-ion battery that can provide both a longer charge and charges faster than traditional toy car batteries. An optional, more powerful battery can also be ordered that can add another "50 per cent playtime" according to the makers.

It also has a scaled down version of the real Tesla's Insane Mode acceleration. In standard mode the tiny Tesla has a 4.8km/h top speed but a switch in the boot unleashes the full potential - 9.6km/h.

Buyers can tailor the little machine to their own tastes with several options. There are three genuine Tesla colours to choose from - red, blue and grey - and the option to select with black or silver finished 'Turbine' wheels. Custom numberplates and a parking sign are also available, as is an indoor car cover to complete the ownership experience.

The car is equipped with working headlights and a spacious under bonnet storage space. It also comes standard with a sound system that allows you to plug your iPod in.

Tesla has no plans to sell the downsized Model S in Australia directly but it can be purchased via the Radio Flyer website.