It has already slashed prices of its vehicles in the US, China and other markets as it puts sales growth ahead of profit margins, which are still at higher levels among automakers. The Austin, Texas-based company has also offered other incentives to reduce inventory in a strategy that CEO Elon Musk said was part of Tesla’s recession playbook. The new S and X “standard range” models are priced at $78,490 and $88,490, respectively. Model S has a driving range of up to 320 miles, lower than the regular dual motor and tri-motor Plaid variants that offer up to 405 miles and 396 miles, respectively. Model X SUV has range of up to 269 miles, well below its more expensive versions that offer up to 348 miles. The Austin, Texas-based company has also offered other incentives to reduce inventory in a strategy that CEO Elon Musk said was part of Tesla’s recession playbook. MICHAEL REYNOLDS/EPA-EFE/Shutter