February 16, 2016 11:33 AM EST

It turns out you don’t have to spend tens of thousands of dollars on a new Tesla — so long as you’re ok with a pint-sized version.

Radio Flyer is launching a new toy vehicle for children that’s made to look exactly like a Tesla Model S. It’s available for preorder at $500; it’ll hit sidewalks and backyards this May.

The Tesla Model S is made for kids between the ages of three and eight. It packs working headlights and, true to Tesla form, a lithium ion battery. This allows the vehicle to offer more “play time” than any competing product, according to Radio Flyer’s claims.

The Tesla Model S for Kids comes in a few of the same color options as the real Model S, which include Midnight Silver Metallic, Deep Blue Metallic, and Red Multi-Coat. It can reach up to six miles per hour, but parents can choose to limit that to three miles per hour via a switch on the vehicle.

There’s a front trunk for storing toys and a sound system that can be plugged into a mobile device as well.

Parents looking to spoil their little ones with luxury cars at an early age have other options to choose from, too. The $599 electric Arrow Smart-Kart from Actev Motors, for example, looks just like a race car and comes with two independent motors for driving and braking. Parents can monitor the cart and even remotely stop it through a smartphone app. There’s also a kid-sized Mercedes Benz model available for $525 that comes with functioning lights and can be driven in two speeds.

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