Lightning Web Component is not available in App Builder when deploying from VS code

I am used to of ‘The Welkin Suite’ editor for official development. I am not frequent user of VS code. Only using VS code for personal use. Yesterday I observed weird issue while deploying LWC component to my playground org.

I did copy paste code(bikeCard component) from trailhead(below link) and it deployed but was not available in AppBuilder.
https://trailhead.salesforce.com/content/learn/modules/lightning-web-components-basics/push-lightning-web-component-files

I checked the config file and change the version as well but didn’t work. Then I deploy same code based from ‘The Welkin Suite’ and able to see component in App Builder.

Please let me know if anyone faced same issue and have solution. Otherwise I will report bug to VS code.

bikeCard.html

<template>
    <div>
        <div>Name: {name}</div>
        <div>Description: {description}</div>
        <lightning-badge label={material}></lightning-badge>
        <lightning-badge label={category}></lightning-badge>
        <div>Price: {price}</div>
        <div><img src={pictureUrl}/></div>
    </div>
</template>

bikeCard.js

import { LightningElement } from 'lwc';
export default class BikeCard extends LightningElement {
   name = 'Electra X4';
   description = 'A sweet bike built for comfort.';
   category = 'Mountain';
   material = 'Steel';
   price = '$2,700';
   pictureUrl = 'https://s3-us-west-1.amazonaws.com/sfdc-demo/ebikes/electrax4.jpg';
 }

bikeCard.js-meta.xml

<?xml version="1.0" encoding="UTF-8"?>
<LightningComponentBundle xmlns="http://soap.sforce.com/2006/04/metadata">
    <!-- The apiVersion may need to be increased for the current release -->
    <description>Description for Bike</description>
    <masterLabel>bikeCard</masterLabel>
    <apiVersion>48.0</apiVersion>

    <isExposed>true</isExposed>
    <targets>
        <target>lightning__AppPage</target>
        <target>lightning__RecordPage</target>
        <target>lightning__HomePage</target>
    </targets>
</LightningComponentBundle>

"salesforcedx-vscode-core.experimental.deployRetrieve": true