What P0740 usually means
P0740 sits one layer upstream of P0741. Instead of saying lockup performance is wrong, it says the controller has reason to doubt the torque-converter clutch control circuit itself. That can mean a failed TCC solenoid, an open or short in the wiring, a connector problem, or a valve-body fault that prevents the control command from reaching the converter clutch properly. In practice, P0740 matters because many drivers only notice subtle highway symptoms at first, but the underlying problem can still create heat and long-term transmission wear.