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Elon Musk was half-right in his comment last week about SoftBank back-pedaling on a gas-turbine order

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MarketWatch Top Stories
By Steve Goldstein
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Elon Musk was half-right in his comment last week about SoftBank back-pedaling on a gas-turbine order
Photo / Coverage: MarketWatch Top StoriesCredit: Steve Goldstein
EXECUTIVE SUMMARY

Elon Musk in a social-media post last week said that SoftBank “defaulted” on a gas-turbine order. The truth, revealed Tuesday in the Japanese’s investment company’s second-quarter earnings, wasn’t far off.

Key Takeaways

  • Elon Musk was half-right in his comment last week about SoftBank back-pedaling on a gas-turbine order.
  • Elon Musk in a social-media post last week said that SoftBank “defaulted” on a gas-turbine order.
  • The truth, revealed Tuesday in the Japanese’s investment company’s second-quarter earnings, wasn’t far off.

Elon Musk in a social-media post last week said that SoftBank “defaulted” on a gas-turbine order. The truth, revealed Tuesday in the Japanese’s investment company’s second-quarter earnings, wasn’t far off.

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