Why People Love NFL Football

 

No, it's not the violent hitting. Fans could better watch boxing, MMA-- or hockey-- for that.

The National Football League is the Number One watched sport in America by far for two main reasons.

1.)  SPEED AND ACCURACY.

The sport is start and stop but once it starts it becomes amazing bursts of speed and energy, either backs carrying the ball running at unreal speed across the field dodging tacklers while so doing, or the football rocketed from the hand of the quarterback like a laser-guided missile. The United States is a nation-- an economy-- built on precision and efficiency. No sport reflects this better than American-style football. (A metaphor also for the precision of the modern battlefield? Probably.)

2.)  STIMULATING THE ANALYTICAL MIND

Because of the complexities of its schemes and strategies, American-style football appeals to the analytical mind. The left side, if you will, of right-brain left-brain dichotomy. Nerdy (for athletes) TV analysts-- usually middling former players such as Dan Orlovsky and Emmanuel Acho who got by due to their understanding of the game-- spend countless hours breaking down every fine detail of why this team was successful and that one was not. Intellectuals assessing a made-up game, but no less intellectual for all that, with appeal to the intellect of fans every bit as much as the game's sensory aspects of speed, color, and movement appeal to them.

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Are there lessons here for those involved in the literary game?

Why Tesla's Stock Price Is Too High

 HOW HIGH IS TOO HIGH?

Is Elon Musk himself the chief ingredient in Tesla Motors' trillion-dollar market valuation?

It's true he's been the face of the auto company almost from the beginning. Visionary, but also hypemaster.

HOW MUCH of the current stock price is pure hype?

If the hype is 10%, the stock is overpriced by 10%. If 25%, a 25% overvaluation. And so on.

Tesla fans need to get out of their heads the idea that Tesla is fifteen or twenty times better-- or has a twenty times better future-- than General Motors or Ford. This unrealistic view is based on the most important phrase uttered about Tesla-- whether coined by Musk or one of his team, or one of their fans: "Tesla is more than an auto company."

Is it really?

Maybe at the outset, but legacy manufacturers-- Volkswagen, General Motors, Ford, Hyundai, Mercedes Benz, Toyota-- are scrambling to catch up in tech features, and most importantly, in battery technology.

The Tesla stock price has two props. Two premises. Assumptions which have become assertions.

1.)  Tesla will continue to lead in battery efficiency and distance. (Which is, really, the ballgame.)

2.) Tesla will be first to develop Full Self Driving. True autonomous vehicles.

Do these two pillars rest on quicksand?

Re #1. Tesla may have already lost its ten-year lead. Hyundai's Kona Electric has achieved 637 miles per charge. Nio's ET7, 621. The new Lucid Air is getting more than 500. GM's soon-to-appear Ultium battery is said to be state of the art, as is BYD's Blade battery, which will also be used by Toyota.

Re #2. The assumption that Tesla leads in Full Self Driving rests on the assumptions a.) autonomous driving is soon perfectible by anybody; b.) it will be approved for widespread use; c.) consumers in large numbers will buy it. Beyond that is the assumption Tesla, by not using Lidar (a laser imaging device) has chosen the quickest and safest route to the goal. Maybe. But maybe not.

THERE IS also a third pillar sustaining Tesla's stock price, and that's the stock market bubble itself. Once central banks begin seriously raising interest rates in order to quash inflation, what will result? We'll find out.

WHAT IF?

The entire move to EV's is contingent on battery tech continuing to improve-- batteries becoming more efficient and EV's more affordable. But what if this doesn't occur? (Just as autonomous driving remains a "What if?") Look closely into it, and much of the Tesla strategy remains a huge gamble.

ELON MUSK 

The most worrisome part of the Tesla stock price bubble is Elon Musk himself-- that the company is completely dependent upon one man. The sole face of the company. The corporation's entire PR department in one individual, an individual who reportedly works 80-plus hours a week. What's sustaining him? What happens when Elon Musk burns out?

COUNTERARGUMENT

Musk is far more of a gambler than innovative capitalists of the past like Edison, Ford, Steve Jobs and so on, which has been Tesla's strength. He pushes ahead with his ideas and decisions and expects the company-- and the world-- to catch up. Which means he and his company can move and maneuver way faster than any automotive company ever seen. Which also means that in the face of sudden obstacles, the company may move quickly to correct him. (That Tesla may use something akin to Lidar after all, as rumor has it, may be one example of this.)

THE KEY QUESTION

The key question is: Will Elon Musk's luck run out?