What P0723 usually means
P0723 is high-value because intermittent transmission data causes some of the most expensive wrong guesses. The output-speed signal is not simply dead and not consistently wrong; it cuts out, spikes, or disappears only under certain temperatures, vibration loads, or connector positions. That makes the car feel random to the owner: one drive is fine, the next drive bangs a shift or drops into limp mode. The code is useful precisely because it points the diagnosis toward movement-, heat-, and connection-related failure before anyone condemns the whole transmission.