Tesla’s $1,900 ‘Cyberquad’ electric car for kids has sold out

Electric vehicle company Tesla no longer makes adult-only electric vehicles.

Tesla Inc.
TSLA,
-6.42%

launched “Cyberquad for Kids” on Thursday – a four-wheel-drive all-terrain vehicle (ATV) for kids ages 8 and up that resembles the company Cybertruck – for an awesome $1,900.

Sound rich? Tesla’s Website indicates that Cyberquad for Kids is sold out. The electric quad bikes were added at some point on Thursday, and then sold out again.

Features include an all-steel frame, padded seats and an adjustable suspension with rear disc brakes and LED light bars, according to product description. Cyberquad for Kids is powered by a lithium-ion battery and can reach speeds of up to 10 miles per hour.

The Cyberquads will ship within two to four weeks, but Tesla notes that orders are not guaranteed to arrive before Christmas.

The OG Cybertruck proved similarly popular, although some on social media mocked the angular design when Elon Musk first revealed it in 2019. Tesla CEO tweeted at the time. The company made $20 million in the first three days of Cybertruck pre-orders.

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Musk sold about $9.85 billion of Tesla stock 8 and recently announced that he will be on the company’s Q4 earnings call in January to talk about Tesla’s tough line issues.

Musk announced his intentions while replying to a tweet on Twitter
TWTR,
-1.36%
.
“This year has been a supply chain nightmare [and] it’s not over yet! I will provide an updated product roadmap on my next earnings call. ”

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Tesla up 52.69% YTD, vs S&P 500
SPX,
-0.84%

increased by 21.93% over the same period.

Source link Tesla’s $1,900 ‘Cyberquad’ electric car for kids has sold out

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