When the car-turned-submarine from the 007 classic “The Spy Who Loved Me” was sold at auction in September for nearly a million dollars, the identity of the buyer was kept secret, as it usually is in collector car auctions.

Thursday night, a Tesla Motors spokeswoman confirmed that the submarine, modeled after a Lotus sports car, had been bought by Tesla (TSLA) CEO Elon Musk.
Musk plans to take the movie prop and turn it into an actual car that transforms into a submarine, the very thing it was built to portray in the movie.
“I was disappointed to learn that it can’t actually transform,” Musk said in a statement provided by Tesla. “What I’m going to do is upgrade it with a Tesla electric powertrain and try to make it transform for real.”

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