$1,900 The Tesla Cyberquad ATV for kids sells out in under a day.
The Cyberquad ATV is currently on sale… or was, two years after Tesla introduced its Cybertruck.
Tesla’s online shop now has a $1,900 Cyberquad for Kids. The Radio Flyer electric ATV has a peak speed of 10 mph and a range of 15 miles on a single charge, which takes around five hours on a standard household outlet.
Although the overall number of tickets sold has not been disclosed, the Cyberquad for kids sold out in less than a day after being announced, was restocked, and then sold out again.
It is recommended for youngsters aged eight and above who weigh no more than 150 pounds and need some assembly.
According to Elon Musk, Tesla still hopes to release a full-size Cyberquad to match the Cybertruck at some point, but it’s still in the works.
Tesla has recently released a new model that no one expected. The stock is unlikely to be moved by this vehicle. However, it may prompt Tesla-obsessed parents to hurry to the company’s website to order a present for the holidays.
Tesla has just released a new electric vehicle. It’s a $1,900 kids’ ‘Cyberquad.’
Tesla (NASDAQ:TSLA) is now offering the Cyberquad, a four-wheeled ATV based on the company’s cutting-edge Cybertruck. It costs $1,900 and is intended for children.
The product description starts, “Get ready for any adventure.” That seems appropriate for children. Steel frame, cushioned seats, adjustable suspension, disc brakes, and LED lighting are all features of the ATV. The lithium-ion battery will give Cyberquad a range of 15 miles, and the engine will propel it to a peak speed of 10 miles per hour.
Tesla recommends that children be at least eight years old.
Customers have just a few hours to place an order for Cyberquad. Tesla’s website indicated it was out of stock as of 7 p.m. Eastern time. According to Tesla’s website, the quadbike will be delivered in two to four weeks to those who bought early.
The Cyberquad debut generated some interest, but it wasn’t a stock-moving event. On Thursday, Tesla shares fell over 1%, while the S&P 500 and Dow Jones Industrial Average increased 1.4 percent and 1.8 percent, respectively.
The Cybertruck, Tesla’s entrance into the pickup truck industry, is what investors actually want. The first deliveries are scheduled in early 2022, although no specific date has been set. A request for comment on the time went unanswered by Tesla.
Cybertruck deliveries might be discussed during the company’s fourth-quarter earnings conference call, which is scheduled for late January. Elon Musk, the company’s CEO, said he will participate on the call and offer investors with an updated product roadmap. The Cybertruck, a new roadster, and a semi-truck are among Tesla’s next products. Tesla hopes to offer a lower-cost electric vehicle starting at about $25,000 in the future.