Drivable short-term, but fix now to avoid damage.
P0741 means the torque converter clutch is commanded to lock but isn't doing it properly — it's slipping or 'stuck off.' This is often related to fluid condition or internal wear rather than just an electrical fault. The main effects are lost fuel efficiency and extra heat in the transmission.
$150 – $1200
Varies by vehicle and root cause.
You can drive short-term, but the transmission may slip and run hot, which causes wear over time. Plan to get it checked before the heat causes lasting damage.
Sometimes a fluid change or solenoid fixes it for $150-$500. If the torque converter is worn, replacement can run $600-$1,200 because of the labor to access it.
Yes, it's high priority. The slipping clutch generates heat, which is one of the biggest enemies of a transmission, so addressing it early prevents bigger bills.
It means the torque converter clutch isn't locking up when the computer tells it to, so the engine and transmission keep slipping instead of engaging firmly. That slipping causes the heat and fuel loss.