After hotfix 3, driving vehicles is almost impossible. Driving produces freeze frames on the fly. Performance is not at all even on community servers with a fresh wipe since the hotfix, despite an excellent internet connection and the latest PS5 console.
For example, in an open area with no buildings and no other players nearby, a freeze frame of 25 (!) seconds happens in a Gunter at a speed of 20 km/h, followed by the message "You are dead" and the necessary respawn.
Further experience with M3S trucks: Massive freeze frames, smooth driving no longer possible. Constant crashes after freeze frames.
After hotfix 3, performance is massively degraded.
Played on brand new PS5, internet connection via LAN to fiber with measured >250 Mbit/s.