Move over, red pull-along wagon: Toy company Radio Flyer Inc. is taking orders on a Model S for kids.

Just like the real electric sedan, the toy car is powered by a lithium ion battery. It also has a “frunk” (Tesla Motors Inc. TSLA, +2.80% cars have an extra front trunk where the engine would go) and, for customers with deeper pockets, a “premium” battery that runs longer between charges.

Tesla Chief Executive Elon Musk on Tuesday called the toy car a joint adventure:

Through a spokeswoman, Radio Flyer representatives said they weren’t immediately available for comment.

Read also:Here are the 5 things we know about the Model 3

The toy Model S is available in three colors: black, gray, and blue, which also happen to be the most popular cars for the real deal.

The toy car starts at $499. Chicago-based, privately held Radio Flyer is taking preorders and hopes to ship the toy cars in May.