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

AI Summary

Elon Musk said SoftBank had defaulted on a gas-turbine order, and the company’s second-quarter earnings offered details that broadly supported part of his claim. The report focuses on the discrepancy between Musk’s social-media post and SoftBank’s account of the 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.