Hello, I have the same problem. It works ok, when I turn the USB-C cable around to switch ends - but then the speed is super slow (See this thread: Extremely slow).
It also stoped working/starting doing this after the latest MacOS update to Monterey (Similar report here: Unable to format Extreme Portable SSD V2 on MacOS Monterey)
@Keerti_01 : It is written there that SanDisk is working on it - is this still the case?
Otherwise I need to return it. Thanks.