On 8 February 2021, Tesla's CEO and Technoking Elon Musk announced that Tesla had bought USD 1.5 billion of Bitcoin. Alyse Killeen said " The announcement that Tesla has diversified its treasury through the addition of bitcoin is not surprising, nor is the assuredness implied by an 8% allocation of cash on hand. Equal to Tesla's R&D expenditure for 2020, this investment is signifiacant to the company and shows a commmitment to maximizing shareholders returns Tesla invests heavily in research and development (R&D) an dhas never paid a dividend or conducted a share buyback. Which of the following statements is not correct?

a. If the shareholder thought Bitcoin was a better investment than tesla, they wouldve bought bitcoin themselves rather than tesla stock

b. Tesla's bitcoin investment is logical given its wide array of positive NPV electric car projects available to invest in.

c. Capital gains on bitcoin realised by tesla will be double taxed at the corporate and personal levels rather than just at the personal level if shareholders bought Bitcoin themselves personally

d. shareholders can just as easily diversify into bitcoin themselves rather than hold shares in the diversified conglomerate tesla that no wholds electric cars and bitcoin