Tesla beats expectations with losses of $0.48 a share and rev of $1.2B, predicts fewer car deliveries in 2015

Today Tesla announced its second quarter earnings, revealing that it delivered 11,532  car in the second quarter of 2015. That brings its total number of cars delivered to 21,577 for the year so far — below its original midway target.

The company had promised to deliver 55,000 cars by year’s end, putting a lot of pressure on the second half of the year. Now the company is reducing its aim to 50,000-55,000 cars.

Tesla is also busy building out the Gigafactory, a $5 billion battery factory in Nevada.