A foldable tricycle is provided and has a frame having a first end and a second end, a seat connected to the frame, a front wheel adjacent the first end of the tricycle, and a rear wheel adjacent the second end of the tricycle. A head tube housing is provided adjacent the first end of the main frame, and a fork is provided adjacent the first end of the tricycle. The front wheel is rotatedly secured to the fork. A stem extends from the fork and supports a handlebar, wherein a portion of the head tube housing is slidingly connected to the stem, and wherein the tricycle can be manipulated between a use position and a folded position by sliding a portion of the head tube toward the handlebar.