Tesla has released its first bike, but the Balance Bike may come as a disappointment to fans who have asked the brand to create an electric bike similar to its cars.The new Balance Bike features some interesting design elements, despite its diminutive size. The bike has a lightweight magnesium frame and an adjustable seat height that appears to increase both reach and standover height simultaneously.Tesla says the bike is designed for children aged 2-5 years old and has 5 predetermined seat heights that enable the bike to grow with your child. The bike features a futuristic design and comes with the tools needed for assembly. Tesla Tesla's website lists the bike as out of stock, with orders beginning to be shipped late August.A kid's bike is not what many Tesla fans had wished for, with many still wanting to see an electric bike from the brand. The bike has a maximum weight limit of 77.1 lb or 35 kg. Tesla It's uncertain if we'll ever see this from Tesla, with Elon Musk having previously been quoted denying any speculation that the brand may make electric motorcycles.I actually used to ride motorcycles when I was a kid. I was into dirt biking for like 8 years or something. Then I had a road bike until I was 17, when I was almost killed by a truck, so we are not going to do motorcycles, he said. Bi-spoke wheels are used. Tesla Whether this sentiment applies to ebikes is hard to decipher, but perhaps the pedal-less Balance Bike is the start of a new customer journey for the tech company.At $225, the futuristic Balance Bike appears to be well valued when compared to other "out-there" models such as the 999 titanium Van Nicholas Ventus and the 500 carbon fibre Giant Pre rCarbon.