The space-time continuum (4D-medium) is considered, and a generalized model of reversible dynamic thermoelasticity is constructed as a theory of elasticity of an ideal (defect-free) nonsymmetric 4D-medium that is transversally-isotropic with respect to the time coordinate. The definitions of stresses and strains for the space-time continuum are introduced. The constitutive equations of the medium model relating the components of nonsymmetric stress and distortion 4D-tensors are stated. Physical interpretations of all tensor components of the thermomechanical properties are given. The Lagrangian of the generalized model of coupled dynamic thermoelasticity is presented, and the Euler equations are analyzed. It is shown that the three Euler equations are generalized equations of motion of the dynamic classical thermoelasticity, and the last, fourth, equation is a generalized heat equation which allows one to predict the wave properties of heat. An energy-consistent version of thermoelasticity is constructed where the Duhamel-Neumann and Maxwell-Cattaneo laws (a nonclassical generalization of the Fourier law for the heat flow) are direct consequences of the constitutive equations.