Tesla’s Model S will now come in a smaller version for kids, following in the footsteps of Actev, which recently launched the Arrow Kart, a smart go-kart that can run at a top speed of 12 miles per hour. Radio Flyer, a 99-year old company known for making bright red wagons and tricycles, will make a tiny Model S.
Marathon Partners Equity Management, the equity long/short hedge fund founded in 1997, added 8.03% in the second quarter of 2021. Q2 2021 hedge fund letters, conferences and more According to a copy of the hedge fund's second-quarter investor update, which ValueWalk has been able to review, the firm returned 3.24% net in April, 0.12% in Read More
Model S for kids smart, but not the smartest
The vehicle, which is referred to as the “Model S for kids,” will be priced at $500, and it is basically a scale model of Tesla’s popular electric sedan. This vehicle is meant for children in the age group of three to eight. The weight capacity is 81 pounds, and it runs at a top speed of 6 miles per hour.
It will be possible for parents to limit the speed to just 3 miles per hour with the flip of a switch, which is similar to the working of Power Wheels. The Model S for Kids takes just three hours to reach a full charge and utilizes swappable batteries.
Just like Tesla allows its vehicles to be customized, similarly, some bells, whistles and customizable options are attached to the kids version as well. The vehicle comes with working headlights, a front trunk and a sound system with an auxiliary cord input. Customers can get their cars fitted in authentic Tesla Model S colors like Deep Blue Metallic, Midnight Silver Metallic, or Red Multi-Coat.
Many extras such as personalized license plates, spare (or more powerful) batteries, and a Tesla-branded car cover are available as well. However, all these features are not sufficient to make the Model S for Kids as exciting as the Arrow, says The Verge. The latter is smarter, more stylish and comes with some pretty powerful safety features such as collision avoidance and geo-fencing. The speed of this vehicle is twice that of Tesla’s.
Tesla Model S outsells luxury brands
Meanwhile the real Tesla Model S, which was introduced just three years ago, holds a strong reputation among luxury car buyers for its quality. In 2015, sales of premium sedans in the U.S. such as the Mercedes S Class, Audi A8, BMW 7 Series, and Porsche Panamera declined slightly, but for the Model S, they went up by 51% over 2014.
In 2015, Tesla sold 24,202 Model S sedans, while Mercedes sold 21,934 units of its luxury S Class sedans. It’s a remarkable achievement for Tesla, suggesting that in such a short time-span, it has been able to build a brand that appeals very much to luxury car shoppers.