The singer of “Mirrors” gave up ownership of the verdant plot of land just a few weeks before his conviction for DWI on June 18.
Officially, Justin Timberlake has bid farewell to a sizable tract of land in Tennessee.
The forty-three-year-old singer of “Mirrors” sold his approximately 127-acre Franklin, Tennessee, property for $8 million. According to the listing, it’s tucked away “less than half a mile” from the quiet community of Leipers Fork and about 45 minutes outside of Nashville.
Not only does the property provide breathtaking vistas of Leipers Creek Valley, but it also has 50 acres of pastures and wildlife food plots. On-site features include footpaths, spring creeks, and a fishing pond.
The listing was held by Tom Sullivan of Covey Rise Properties.
According to property documents, Timberlake legally relinquished ownership of the expansive site on May 30, while on his current Forget Tomorrow World Tour.
The Tennessean claims that the Memphis native bought the land in 2015 from local preservationist and philanthropist Aubrey Preston.
Preston told the site that he and the Grammy winner have a great deal of affection for their home state, nearly a year after Timberlake’s acquisition.
At the time, Preston remarked, “We both love Tennessee and loved growing up on land.” “We want to do our share to protect that for our children and future generations. We got to know one another in this way.
The transaction occurred just a few weeks prior to Timberlake’s June 18 arrest in Sag Harbor, New York, for allegedly driving under the influence.
He was stopped by a Sag Harbor policeman while traveling from the American Hotel to a friend’s house. Subsequently, the singer was issued two citations for failure to maintain lane integrity and one count of driving while intoxicated.
Although Timberlake’s arrest has sparked a frenzy among the public and his fans, a source tells PEOPLE that he and wife Jessica Biel are unconcerned about the event.
“They have put the arrest behind them. The insider stated, “They continue to put work and family first and have faith in their legal team.” Timberlake and the actress from The Better Sister are parents to two kids, Phineas, 4, and Silas, 9.
Automaker Suffers Major Losses of Billions Due to Electric Vehicle Investments in 2023.
As the push for electric vehicles persists despite public reluctance, the once-promising solution for environmental concerns is revealing significant drawbacks. Issues like inadequate charging infrastructure, limited range, battery problems, high repair costs, and supply chain disruptions have plagued the industry.
Despite these challenges, proponents like Joe Biden continue to advocate for electric vehicles. However, the lack of consumer interest has led to substantial financial losses for manufacturers. Ford Motor Company, for instance, reported a staggering $4.7 billion loss in 2023 from its electric vehicle product line, exceeding earlier projections.
The company attributed the losses primarily to intense competition driving down prices. With Ford selling around 72,608 electric vehicles in the year, the losses translate to roughly $65,000 per vehicle sold, an unsustainable business model. Moreover, Ford anticipates further losses, projecting up to $5.5 billion for 2024, particularly concerning in an election year.
Despite Chief Financial Officer John Lawler’s optimistic remarks about future profitability and customer adoption, the reality suggests otherwise. Ford’s flagship electric vehicle, the F-150 Lightning pickup, saw diminished demand, leading to production cuts. This setback is notable, especially as Biden’s administration aimed for 50% of new vehicle sales to be electric by 2030.
Watch Biden test drive the Ford Lightning pickup here:
General Motors has also dialed back production and tempered expectations, posting a $1.7 billion loss on electric vehicles in just the fourth quarter of 2023. Ford went on to state: “We said yesterday that we will launch our second-generation EVs when they can be profitable and deliver the kind of returns we want, and we will build a stand-alone profitable EV business. Meantime, we’re improving the contribution margin of our first-generation EVs.”
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