Looks like you might have a bad update. Do the following to remove stale versions of the extension:
Uninstall Python extension (if you have pylance uninstall it first).
Close all instances of VS Code.
Go to, %USERPROFILE%/.vscode/extensions (on windows) or ~/.vscode/extensions on Linux/Mac.
Delete any folder with the name starting with ms-python.python*
Start VS Code, and install Python extension (also pylance if you uninstalled it in step 1).