First off, this is a vague question about a survey which is, I guess, meant to be vague. So bear with me
In Morel's "Motivic Homotopy Theory" survey he mentioned the following fact in motivating the Tate circles. One notes that $\mathbb{P}^1$ is equivalent to $S^1 \wedge \mathbb{G}_m$ while, if we follow our topological intuition, $\mathbb{P}^1$ ought to be $S^2$ which is equivalent $S^1 \wedge S^1$. So we need to keep track of this difference between the "usual" topological situation and count the number of $\mathbb{G}_m$'s.
Now Morel justified the first equivalence by saying that $\mathbb{A}^1$ is invertible in the the unstable homotopy category. With just this information, is there an "intuitive", or maybe "geometric" (i.e. without going to the details of the motivic unstable category) way to see how this fact leads to the equivalence above?
Any other comments about these two-circles phenomena are much appreciated!