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The margin: Tesla's "Cyberquad" electrical car for $ 1,900 for kids bought out, stuffed up and bought out once more

Tesla no longer makes electric cars just for adults.

Tesla Inc.
TSLA,
-6.42%
launched the Cyberquad for Kids on Thursday – a four-wheeled all-terrain vehicle (ATV) for children ages 8 and up that resembles the company's cybertruck – for a cool $ 1,900.

Sounds rich? Tesla's website indicates that the Cyberquad for Kids is already sold out. The electric quads were filled up sometime on Thursday and then sold out again.

Features include a full steel frame, a padded seat and adjustable suspension with rear disc brakes and LED light strips, according to the product description. The Cyberquad for Kids is powered by a lithium-ion battery and can reach speeds of up to 16 km / h.

The Cyberquads were supposed to be shipped within two to four weeks, but Tesla noted that orders are not guaranteed to arrive before Christmas.

The OG Cybertruck turned out to be similarly popular, though some on social media mocked the edgy design when Elon Musk first revealed it in 2019.

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Musk has sold approximately $ 9.85 billion in Tesla stock since Nov. 8, and recently announced that he will be attending the company's fourth quarter conference call in January to discuss Tesla's supply chain issues.

Musk announced his intention when he responded to a tweet on Twitter
TWTR,
-1.36%.
“This year has been such a nightmare in the supply chain (and) it's not over yet! I will provide an updated product roadmap with the next phone call. "

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Tesla is up 52.69% YTD compared to the S&P 500
SPX,
-0.84%
which increased by 21.93% over the same period.

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