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$500 Tesla Model S for kids coming in May

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Radio Flyer, known for its little red wagons and tricycles, will begin shipping mini Tesla Model S cars for kids.

At $500, preorders are now available, and the cars will ship in May.

Made in collaboration with Tesla, the one-seater cars have lithium ion batteries designed to charge faster and last longer than other battery-powered cars for kids.

Read more from CNNMoney.

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