vscode intellisense - cannot find module ts(2307) in excluded directory

Question

In my tsconfig.json I excluded folder

"src/__test__"

from compilation. The problem is now VS Code cannot find module. I run tests with Jest without problem, the modules are resolved but this message is annoying. I also cannot use autocomplete. Is there a way to create seperate typescript config files for tests and source code? So far I created tsconfig.test.json file with "extend": "../../tsconfig.json" but it doesn't work as I expected. Compiler read only base tsconfig.json.

Cannot find module <..> or its corresponding type declarations.ts(2307)

tsconfig.json

{
      "compilerOptions": {
        "module": "esnext",
        "esModuleInterop": true,
        "target": "es5",
        "lib": ["es6", "dom"],
        "sourceMap": false,
        "allowJs": true,
        "jsx": "react",
        "moduleResolution": "node",
        "rootDir": "",
        "allowSyntheticDefaultImports": true,
        "forceConsistentCasingInFileNames": true,
        "noImplicitReturns": true,
        "noImplicitThis": true,
        "noImplicitAny": true,
        "strictNullChecks": true,
        "suppressImplicitAnyIndexErrors": true,
        "noUnusedLocals": true,
        "baseUrl": ".",
        "outDir": "dist",
        "resolveJsonModule": true,
        "paths": {
          "components/*": ["src/components/*"],
          "utils/*": ["src/utils/*"],
          "api/*": ["src/api/*"],
          "src/*": ["src/*"]
        }
      },
      "exclude": ["src/__tests__"]
    }