Musk mentioned the design when he was questioned whether the company would ever look to develop an aquatic car.

Its funny you should mention that.

Roger Moore asks before driving the Lotus off a pier and landing it in the ocean.

Tesla Has James Bond-Style Submarine Car Design Ready, Says Elon Musk

I was disappointed to learn that it cant actually transform, Musk told shareholders.

He also acknowledged that the market for an amphibious Tesla would be small.

I think the market for this will be small.

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Small but enthusiastic, he said.

But we actually do have a design for a submarine car.

It would be difficult It would be a bit of a distraction, I think.

But maybe well make one as a show car at some point, it would be really fun.

source: www.techworm.net