Master node machine in Failed Phase in OCP 4

Issue

After moving out the VM from VSphere folder the machine entered into Failed phase and can not reconcile.

$ oc get machine <machine-name>
NAME                          PHASE     TYPE   REGION   ZONE   AGE
ocp47-machine-master-2       Failed                           26h


$ oc get machine <machine-name> -o yaml
Status:
  Addresses:
...
  Error Message:  Can't find created instance.

• Logs frommachine-api-controllers

nodelink_controller.go:425] Finding machine from node "node-master-2" by ProviderID
nodelink_controller.go:441] Found machine "node-master-2" for node "node-master-2" with providerID "vsphere://<UID>"
controller.go:168] thor-fzdb6-master-2: reconciling Machine
controller.go:265] thor-fzdb6-master-2: machine has gone "Failed" phase. It won't reconcile