Since a couple of people said it, i want to try to get us all on the same page. Yes, ensuring drawbar seating and or tether for PS2 and PS3 engines is good general advice.
PS2 and PS3 steam engines get the timed chuff from the tachometer strips and rotational distance of the flywheel. In other words, unlike quite a few Lionel engines, all MTH PS2 and PS3 engines MUST have a working tachometer and motor subsystem to then get chuffs.
There is clearly a video showing of the engine not moving but sitting there- slowly chuffing away at a slow steady rate that is ONLY possible if the motor is spinning, the flywheel with the stripes is turning with the motor (so not loose flywheel) and the tachometer is working- hence implying this is NOT likely to be electrical.
Also, this engine is a bit unique in that many Railking engines directly have the worm gear on the motor shaft rather than a coupling. So this is not a super common failure mode- but knowing this engine specifically has a dogbone driveshaft coupling plays heavily into the troubleshooting and diagnosis.
I cannot stress this enough- this is how you can actually test boards and wiring harness controls for PS2 and PS3 engines- the fact that chuff and speed control work indicates tach and motor drive are both working.
Again, at the end of the day- if you have a PS2 or PS3 engine and it is chuffing at a steady rate but you lost drive to the wheels- there is a high chance that is a mechanical driveline issue- not electrical.