Ultra graphics mode not saving and not displaying ultra-level graphics

Do you have any add-ons in your Community folder? If yes, please remove and retest before posting.
No

Are you using Developer Mode or made changes in it?
No

Brief description of the issue:
Even after the “Sim Update 5 Hotfix #2” (v1.18.15.0), you may think you are in Ultra graphics mode but are not.

Provide Screenshot(s)/video(s) of the issue encountered:

Detail steps to reproduce the issue encountered:
(Watch the step-by-step in the aforementioned video)

PC specs for those who want to assist (if not entered in your profile)

  • Ryzen 9 5900X

  • GeForce RTX 3070 OC

  • ASUS TUF X570 Gaming PLUS WIFI

  • 64GB DDR4-3200

  • Cooler Master MasterLiquid ML240L AIO liquid CPU cooler

  • 2TB NVMe Solid State Drive (SSD)

  • 2TB SATA Solid State Drive (SSD)

  • 750 Watt PS

  • Two 34” Curved Ultra-wide LED QHD monitors

  • 20TB of attached storage (4x5TB)

  • Lian Li LANCOOL 205 case

Build Version # when you first started experiencing this issue:
After Sim Update 5

Are you on the Steam or Microsoft Store version?
MS Store

Did you submit this to Zendesk? If so, what is your ticket #?
Yes: 117185

Merged as this is a duplicate topic:
A post was merged into an existing topic: [BUG LOGGED] Settings do not stick since SU5