Yes. But if you do, you REALLY need to send him to a GOOD driving school. Skip Barber, Roos Racing, BMW Performance Center.
It is not only the performance of the car, it is the image. He will have other young people challenging him all the time, and he will likely not be able to resist.
I managed to have to do a driving school (71 in a 60 zone, country road, light traffic). Young male in the class, saw my M3, and mentioned he had one. For 3 weeks. Seems he was bummed because his Dad made him get rid of it after getting ONLY 6 tickets in that 3 weeks.
'95 Alpine M3 LTW
'00 Dakar M Roadster
'02 Topaz M3
Red/White SRF #4 (Chassis 561)