It is often the wrong tool. I favor single coil Ps. They are missing that built in phat so they function in many other genres than rock soul and americana.
You know what’s a monster? A G&L L1000. When you get a chance try one. Active seeming without being. High harmonics. Buttery mids and good lows.
Know what? Leo made all of these iterations of the bass. They are all good. They aren’t all good everywhere.
While folks are on here wishing it was the holy grail some folks have the ears to hear if the tone just isn’t perfect. If the band leader isn’t hearing it you might get replaced.
I played in a blues band with drums elec guit, singer on plugged in acoustic. Where a P would be outstanding in a soul band with three horns, B3, drums, guit, & lead singer it was weak here. Why? Acoustically the entire band was above me. I was the low mids and big bottom. 5 string booteequee and the ladies were on the dance floor.
Having played Ps actual pre CBS Ps since they were just used basses, allow me to decide what works today.
Stanley stopped playing that Gibson EB3. The numerous successful bassists that have moved on just means that if they had had TB they wouldn’t have fallen into blasphemy.

Jaco didn’t use a P. While a very ignorant thing to say it shows the rigid fanaticism around the holy P. No it doesn’t have to be right for everything.

Leo didn’t think it was.